Federal Reserve Chairman Jerome Powell has tested positive for COVID-19, the central bank announced on Wednesday morning.
Powell, 69, is “experiencing mild symptoms,” according to the announcement.
“Chair Powell is up to date with COVID-19 vaccines and boosters,” the Fed said in a statement. “Following Centers for Disease Control and Prevention guidance, he is working remotely while isolating at home.”
The central bank did not provide any additional details.
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%.
This is a developing story. Please check back for updates.