Federal Reserve Chair Jerome Powell has tested positive for COVID-19 and is experiencing symptoms
FILE - Federal Reserve Board Chair Jerome Powell speaks during a news conference at the Federal Reserve in Washington, Wednesday, May 1, 2024. Powell has tested positive for Covid-19 late Thursday, May 16, 2024, and is experiencing symptoms, according to a statement from a Fed spokesperson. Federal Reserve Chair Jerome Powell has tested positive for COVID-19 and is experiencing related symptoms.
Powell was a participant in a panel discussion in Amsterdam on Tuesday, where he said that the central bank is unlikely to raise its key interest rate in response to signs of stubborn inflation and underscored his view that price increases would soon start to cool again. Powell, who was to deliver commencement remarks to Georgetown University Law Center in person, now plans to deliver his remarks via a prerecorded video, the spokesperson said.
Powell previously tested positive for Covid in January 2023, and displayed “mild symptoms," according to the Fed.
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