Research Fixed Income
News, Events, & Reports

Print.

Print

Small font size A Larger text size A Largest text size A

Trump targets Biden's Fed appointments with autopen allegations

BY Reuters | ECONOMIC | 12/09/25 08:37 PM EST

By Nandita Bose

MOUNT POCONO, Pennsylvania, Dec 9 (Reuters) - U.S. President Donald Trump on Tuesday asked his treasury secretary to investigate whether his predecessor Joe Biden used an autopen to sign the appointments of some Democratic members of the Federal Reserve's Board of Governors. "I'm hearing that the autopen could have signed, maybe all four, but maybe a couple of them. We'll take two," Trump told a rally in Pennsylvania on Tuesday. "Would you check that, Scott?" Trump asked Treasury Secretary Scott Bessent, who was present.

Trump has previously questioned the validity of official acts by Biden signed using an autopen, a mechanical device that reproduces a person's signature and has been used for decades by presidents of both parties.

Last week, Trump said he was terminating pardons and commutations granted by Biden in January that he claimed were signed using an autopen, a move legal experts said had no basis in law. (Reporting By Nandita Bose and Jarrett Renshaw; Editing by Ross Colvin, Himani Sarkar and Edmund Klamann)

More Fixed Income News

Canada posts a trade surplus in September beating expectations of a deficit BY Reuters |ECONOMIC 09:12 AM EST
Gold Trading Higher as the Dollar and Treasury Yields Sag Following the Fed's Interest-Rate Cut BY MT Newswires |ECONOMIC 09:09 AM EST
EU aims to agree by Friday to long-term freeze of Russian central bank assets BY Reuters |ECONOMIC 09:08 AM EST
US September trade deficit lowest in more than five years as goods exports soar BY Reuters |ECONOMIC 09:01 AM EST

All Fixed Income News

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.

© 1998 – 2014 FMR LLC.

All rights reserved.

fir_news_article