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Monday, February 6, 2023


Fed Chair Powell Tests Positive For Covid “Is Vaccinated, Has Mild Symptoms”

Federal Reserve Board Chair Jerome Powell tested positive for Covid-19 and is experiencing mild symptoms. 

The 69-year-old Powell received the positive test Wednesday and “is up to date with Covid-19 vaccines and boosters,”and is working remotely while isolating at home, the Fed said in a statement at the same time as Davos billionaires were being addressed by Pfizer CEO Bourla (himself probably a billionaire by now courtesy of covid).

The next meeting of the policy-setting Federal Open Market Committee is set for Jan. 31-Feb. 1, and Powell is scheduled to deliver an in-person press conference at 2:30 p.m. in Washington after the meeting concludes.

Whereas stocks would have freaked out if this news hit three years ago, this time Bloomberg is quick to note that the Covid-19 landscape “is different than it was earlier in the pandemic: Most people have hybrid immunity from vaccinations or infections, and antivirals are widely available to older adults and those with compromised immune systems.”

This post was originally published on this site

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