Fed Chair Powell tests positive for COVID-19, working from home

BY Reuters | ECONOMIC | 05/17/24 11:57 AM EDT

(Reuters) - Federal Reserve Chair Jerome Powell tested positive for COVID-19 on Thursday, a Fed spokesperson said in an emailed statement.

Powell "plans to deliver commencement remarks to Georgetown Law School on May 19 via prerecorded video," the statement said.

"Chair Powell tested positive for COVID-19 late yesterday and is experiencing symptoms." He is working from home and staying away from others, the statement said, following guidance from the U.S. Centers for Disease Control and Prevention.?

(Reporting by Ann Saphir, Editing by Franklin Paul)

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

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Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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