Latest News

The Fed: Fed Chairman Jerome Powell has COVID-19, shows mild symptoms, Fed says

Federal Reserve Chairman Jerome Powell has tested positive for COVID-19 and is experiencing mild symptoms, the central bank announced Wednesday.

Powell is working remotely while isolating at home, the statement said.

The next Fed interest-rate committee meeting in on Jan. 31-Feb. 1.

The Fed chairman is up to date with COVID-19 vaccines and boosters.

Powell will be 70 in February.

U.S. daily COVID cases have risen recently as part of a winter wave although the increase is nothing like last year.

CORONAVIRUS UPDATE: China to start issuing new tourism passports as Lunar New Year approaches amid wave of COVID cases

The Dow Jones Industrial Average
DJIA,
-1.02%

turned lower when the statement was released at 10:30 a.m. Eastern.

Jaimy Lee contributed to this story

What's your reaction?

Excited
0
Happy
0
In Love
0
Not Sure
0
Silly
0

You may also like

Leave a reply

Your email address will not be published. Required fields are marked *

More in:Latest News