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Fed's Williams says details of new government policies are important

BY Reuters | ECONOMIC | 11:30 AM EST

HARTFORD, Connecticut, Jan 15 (Reuters) - Federal Reserve Bank of New York President John Williams said Wednesday it's too soon to say how the election outcome and the return of Donald Trump as president will affect the economy.

While there's a lot of uncertainty about government policy and that uncertainty is causing some businesses to hold back on investment, "the details here do matter" and it's key to see what the actual policies are and how others react to this agenda, Williams said in an appearance before the CBIA Economic Summit and Outlook 2025 in Hartford, Connecticut. (Reporting by Michael S. Derby)

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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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