Federal Reserve Chairman Jerome Powell tested positive for COVID-19 and is experiencing mild symptoms, the central bank announced Wednesday.
The Fed leader is isolating at his home and plans to work remotely, in accordance with COVID-19 guidance from the Centers for Disease Control and Prevention. Powell is vaccinated and boosted, according to the release.
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No further details on Powell’s illness were provided.
Powell’s positive tests comes as the Fed faces the issue of inflation and an economic slowdown with the risk of a recession looming.
The Fed chair was in Sweden last week to deliver remarks on central bank independence.