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Federal Reserve Chair Jerome Powell is working remotely after testing positive for COVID-19

Jerome Powell speaks in a press conference (Via Justin Lambert/Shutterstock)

Jerome Powell, the Chair of the Federal Reserve, has tested positive for COVID-19 and is showing symptoms related to the virus.

Powell received his positive test result late on Thursday.

“In line with guidance from the Centers for Disease Control and Prevention, he is isolating himself at home and working remotely,” a spokesperson from the Fed stated.

Earlier in the week, Powell participated in a panel discussion in Amsterdam where he discussed the central bank’s stance on inflation.

Jerome Powell (Via Justin Lambert/Shutterstock)

He indicated that the Fed is unlikely to increase its key interest rate despite ongoing inflation concerns, and he expressed optimism that inflationary pressures would ease soon.

Originally scheduled to give a commencement address at Georgetown University Law Center in person, Powell will now deliver his remarks via a prerecorded video, according to the Fed spokesperson.

This is not the first time Powell has tested positive for COVID-19. He had previously tested positive in January 2023 and experienced mild symptoms, as reported by the Federal Reserve.

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