Federal Reserve Chair Jerome Powell Tests Positive for COVID-19

Federal Reserve Chair Jerome Powell has tested positive for COVID-19, according to a statement from a spokesperson for the U.S. central bank, which confirmed that Powell's test results came back positive. The U.S. central bank reported that "Chair Powell tested positive for the COVID-19 virus late Thursday and is experiencing symptoms. Following the guidelines of the Centers for Disease Control and Prevention, he is isolating from others and working from home." Bloomberg noted that Powell was scheduled to speak at the Georgetown University Law Center graduation ceremony in Washington on Sunday. The Federal Reserve indicated that he will deliver these remarks via a pre-recorded video.