Fed says Powell has been working from home, observing mask and distance protocols By Reuters

Fed says Powell has been working from home, observing mask


© Reuters. FILE PHOTO: House Financial Services Committee holds hearing on oversight of the Treasury Department’s and Federal Reserve’s coronavirus response on Capitol Hill in Washington

WASHINGTON (Reuters) – Federal Reserve Chair Jerome Powell has been working from home while also following masking and social distancing protocols when in public, and has not felt it necessary to take a coronavirus test, the Fed said Friday in response to inquiries following the news that President Donald Trump has contracted COVID-19.

A Fed spokesperson said in addition that Powell had not been in contact with anyone known to have tested positive for the virus.

Fed officials have been working remotely since the start of the coronavirus pandemic, but Powell has traveled occasionally to Capitol Hill, most recently last week, for hearings on Fed policy and the response to the health crisis.

He typically has worn a mask during those appearances, and Fed officials in general have urged people to do the same as a way to tamp the spread of the disease and allow economic activity to safely resume.

News that Trump, first lady Melania Trump, and others had been infected with the coronavirus touched off a wave of announcements from other officials about their health status.

Powell has met infrequently with Trump during his time as Fed chair, though he has been holding frequent talks during the crisis with Treasury Secretary Steven Mnuchin. A Treasury spokesperson said Friday Mnuchin had tested negative.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *


About us

InvestLab is a financial services technology company focused on the global trading market. Founded in 2010 in Hong Kong, the company develops trading, market data, and social research products that enable individual investors and small to mid-size brokers to access global markets. We provide brokers and financial institutions cross border capabilities for retail investors into 43 markets globally.


CONTACT US

CALL US ANYTIME