The Latest – NBC News: Powell: Omicron variant is a threat

The new COVID variant is threatening to affect the economy in three big ways. That’s what Federal Reserve Chairman Jerome Powell will tell a Senate committee when he testifies this morning.

While more COVID boosters could be on the way as the new Omicron variant spreads to 17 countries. Pfizer is expected to ask the FDA to approve extra shots for 16 and 17-year-olds as soon as tomorrow. It would be the first booster for kids.

This is the latest news.

Here’s Trey Thomas.