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Fed Chairman Jerome Powell Tests Positive for COVID-19

Federal Reserve Chairman Jerome Powell has tested positive for COVID-19 and is experiencing "mild symptoms," according to a statement from the Federal Reserve.

Fed Chairman Jerome Powell
Fed Chairman Jerome Powell

The Fed said Powell is "up to date" with all COVID vaccines and boosters.

Powell Working Remotely While Isolating at Home

Powell follows Centers for Disease Control and Prevention guidance and works remotely while isolating at home. The Fed's next interest rate-setting meeting is on Jan. 31- Feb.1, which could allow Powell to recover in time to participate in person. However, if need be, the Fed could return to a virtual meeting format it had used during the height of the pandemic.