Fed's Clarida does not comment on U.S. economic, policy outlook

BY Reuters | ECONOMIC | 11/30/21 01:00 PM EST

Nov 30 (Reuters) - Federal Reserve Vice Chair Richard Clarida did not comment on the U.S. economic or monetary policy outlook on Tuesday in remarks prepared for a virtual event.

His conversation with Cleveland Fed President Loretta Mester on central bank independence will be livestreamed here https://www.youtube.com/user/ClevelandFed.

(Reporting by Jonnelle Marte; Editing by Andrea Ricci)

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.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

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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