Darrell Cronk, chief investment officer of Wells Fargo’s Wealth and Investment Management division, said April’s labor report was exactly what the Fed wanted to see in “making money.”
- Federal Reserve Chairman Jerome Powell tested positive for coronavirus on Thursday and is currently working from home.
- The announcement came after Mr. Powell recently visited Europe and attended an event in Amsterdam.
- Powell previously tested positive for the coronavirus in January 2023.
Federal Reserve Chairman Jerome Powell tested positive for the coronavirus on Thursday and is now working from home, a Fed spokesperson said in an emailed statement.
“Chairman Powell tested positive for the coronavirus late yesterday and is exhibiting symptoms.” In line with guidance from the U.S. Centers for Disease Control and Prevention, he is working from home and distancing himself from others, the statement said. It is said that there is
The announcement comes after Powell, 71, visited Europe this week and appeared on stage at an event with Dutch Central Bank Governor Claes Nott in Amsterdam on Tuesday.
Fed Chairman Jerome Powell finds interest rate cuts unacceptable
Powell last tested positive for the coronavirus in January 2023.
Federal Reserve Chairman Jerome Powell answers questions during a stage discussion at the Washington Economic Club meeting at the Renaissance Hotel in Washington, DC, on February 7, 2023.Thursday (Reuters/Amanda Andrade Rose/File Photo/Reuters Photo)
There was little reaction in financial markets after the Fed’s announcement regarding Chairman Powell’s coronavirus infection. The next Fed policy meeting will not be held until June 11-12.
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Powell was scheduled to deliver the commencement address in person at Georgetown Law School on Sunday, but he will now deliver the commencement address via pre-recorded video, he said in a statement.
