Fed Chair Powell Tests Positive For Covid-19, Has Mild Signs

(Bloomberg) — Jerome Powell is the Federal Reserve Board Chair and was tested positive for Covid-19.

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Powell, 69, received the positive test Wednesday and “is up to date with Covid-19 vaccines and boosters,” the Fed said in a statement, adding that he is working remotely while isolating at home.

The Federal Open Market Committee will meet again in January 31-February 1. After the meeting, Powell will hold an in-person press conference in Washington at 2:30 pm.

Covid-19 is a different landscape than before the pandemic. Most people have a combination immunity to infections or vaccinations. Antivirals are readily available for older adults and people with compromised immune systems.

Madison Muller provides assistance.

(In the final paragraph, Covid background information is added.

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