Powell to Speak at Georgetown Law Graduation Via Video

  • Federal Reserve Chair Jerome Powell tests positive for Covid
  • Powell will deliver commencement address remotely via prerecorded video
  • Positivity rate increases slightly to 3.1% in recent data
  • New ‘FLiRT’ variants becoming dominant
  • KP.2 variant accounts for 28% of infections
  • Older people at higher risk for severe outcomes
  • CDC recommends returning to normal activities when symptoms improve

Federal Reserve Chair Jerome Powell has tested positive for Covid and will deliver his commencement address to Georgetown Law School remotely via a prerecorded video. He previously tested positive in January 2023. The positivity rate has slightly increased to 3.1% according to the Centers for Disease Control and Prevention’s COVID Data Tracker. New ‘FLiRT’ variants, including KP.2, have become dominant, accounting for 28% of infections. Older individuals are at higher risk for severe outcomes, with the CDC recommending an additional vaccine dose for those aged 65 and older. Updated Covid vaccines are expected this fall.

Factuality Level: 8
Factuality Justification: The article provides accurate information about Jerome Powell testing positive for Covid, the slight increase in positivity rate, and the new FLiRT variants. It also mentions the CDC’s recommendations for older people and updates on vaccines. However, it lacks some details such as the source of the data on FLiRT variants and the specifics of the updated Covid vaccines.
Noise Level: 6
Noise Justification: The article provides some relevant information about Federal Reserve Chair Jerome Powell testing positive for Covid and the current state of Covid infections, but it is mostly focused on his personal situation and includes irrelevant details such as his age and the upcoming vaccine. It also briefly mentions the FLiRT variants without providing much context or analysis. The article lacks depth and actionable insights.
Private Companies: Georgetown Law School
Key People: Jerome Powell (Federal Reserve Bank Chair), William M. Treanor (Georgetown Law Dean)

Financial Relevance: Yes
Financial Markets Impacted: The article mentions the positivity rate of COVID-19 tests and its impact on society, which could indirectly affect financial markets through public health concerns and economic uncertainty.
Financial Rating Justification: The article discusses Federal Reserve Chair Jerome Powell’s positive Covid test and its potential impact on his work schedule. Additionally, it mentions the positivity rate of COVID-19 tests and the possible development of updated vaccines, which could affect public health and the economy.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: Minor
Extreme Rating Justification: There is no extreme event mentioned in the article, but it discusses a minor impact event as Federal Reserve Chair Jerome Powell testing positive for Covid and working from home. The focus of the article is on Covid-related data and updates.

Reported publicly: www.marketwatch.com