The Fed announced on Wednesday that its chairman, Jerome Powell, has tested positive for COVID-19 and that the 69-year-old is experiencing 'mild symptoms.'
The central bank did not provide any additional details.
US Federal Reserve Chair Jerome Powell speaks during a news conference on interest rates, the economy and monetary policy actions, at the Federal Reserve Building in Washington, DC, June 15, 2022. The policy-setting Federal Open Market Committee next meets Jan. 31-Feb. 1, which could give Powell time to recover and attend in person. Markets widely expect the Fed to approve a 25 basis point rate increase that would lift the benchmark federal funds rate to a range of 4.5% to 4.75%, deeper into restrictive territory.
Policymakers are in the midst of the most aggressive campaign since the 1980s to crush inflation, although there is early evidence that
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