Stay Curious. Stay Connected.
MailNewsletters♡Donate Now
Sign up
*Password must be at least 8 characters and contain one uppercase letter, one lowercase letter, one number and one symbol.
Already have an account?
By submitting, you consent that you are at least 18 years of age and to receive information about MPR's or APMG entities' programs and offerings. The personally identifying information you provide will not be sold, shared, or used for purposes other than to communicate with you about MPR, APMG entities, and its sponsors. You may opt-out at any time clicking the unsubscribe link at the bottom of any email communication. View our Privacy Policy.
Sign in to your profile
Forgot Password?
New to MPR News?
Welcome back
to news
for you
Reset Password

Enter the username on file and we'll send you a code to reset your password.

Still require assistance or not sure what your User Name is?
Welcome back
to news
for you
Email Verification

A verification code has been emailed to

Still awaiting the code?
Business and Economic News
The Associated Press
Washington

Fed's Powell tests positive for COVID, has 'mild' symptoms

A man gives an interview on a stage.
Federal Reserve Chair Jerome Powell participates in a panel during a Central Bank Symposium at the Grand Hotel in Stockholm, Sweden Tuesday, Jan. 10, 2023.
Claudio Bresciani | TT News Agency via AP

Go Deeper.

Create an account or log in to save stories.

Like this?

Thanks for liking this story! We have added it to a list of your favorite stories.

Federal Reserve Chair Jerome Powell tested positive Wednesday for COVID-19 and is experiencing “mild symptoms," the Federal Reserve announced.

Powell, 69, is “up to date” with all COVID vaccines and boosters, the Fed said, and is working from home.

“Following Centers for Disease Control and Prevention guidance, he is working remotely while isolating at home,” the central bank said in a statement.

The Fed's next interest rate-setting meeting is Jan. 31-Feb. 1, a timetable that could allow Powell to recover in time to participate in person. If not, an alternative plan would be to return to a virtual meeting, which the Fed held for months during the height of the pandemic.

The Fed is in the midst of an aggressive drive to tame high inflation, though there are growing signs that price pressures are gradually easing. The central bank is expected to raise its benchmark interest rate by a slower quarter-point at the next meeting, after a half-point increase in December and four consecutive three-quarter-point hikes before that.