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

In this news, we discuss the Fed says Powell has been working from home, observing mask and distance protocols.

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

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

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

He typically wore a mask during these appearances, and Fed officials in general have urged people to do the same to mitigate the spread of the disease and allow economic activity to resume safely.

News that Trump, First Lady Melania Trump and others had been infected with the coronavirus sparked a wave of announcements from other officials about their condition.

Powell rarely met Trump during his tenure as Fed chairman, although he had frequent talks during the crisis with Treasury Secretary Steven Mnuchin. A spokesperson for the Treasury said on Friday that Mnuchin had tested negative.

Reporting by Howard Schneider; Editing by Andrea Ricci

Original © Thomson Reuters

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