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Fed is working with the White House to accommodate Trump visit, spokesperson says

BY Reuters | ECONOMIC | 07/24/25 10:56 AM EDT

July 24 (Reuters) - The U.S. Federal Reserve is working with the White House to accommodate President Donald Trump's unexpected visit to the central bank later on Thursday, a spokesperson said.

"The Federal Reserve is working with the White House to accommodate their visit," the Fed spokesperson said.

Trump's visit to the Fed, a rare appearance at the central bank by a U.S. president, was made public by the White House late Wednesday. It comes amid administration criticisms of Fed Chair Jerome Powell's stewardship of the independent agency and its decisions not to cut interest rates this year as demanded by Trump.

(Reporting by Ann Saphir; Editing by Chizu Nomiyama )

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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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