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

Fed appoints regional bank board chairs and vice chairs

BY Reuters | ECONOMIC | 01/09/26 01:12 PM EST

Jan 9 (Reuters) - The Federal Reserve Board on Friday announced the chairs and ?vice chairs of its ?12 regional banks for ?this year, a ?list ?that includes Emerson Electric Co's ?chief executive ?Lal Karsanbhai as chair of the ?St. Louis ?Fed, ?and Liberty Mutual Insurance CEO Tim Sweeney as ?deputy chair of the Boston Fed.?

The list also includes former CEOs of other ?big ?companies?as well as heads of small ?businesses and non-profits. Fed bank directors meet regularly with Fed policymakers, who say the boards' ?views about the economy help inform their own rate-setting ?perspectives.?

(Reporting by Ann Saphir)

More Fixed Income News

Wall St Week Ahead-Earnings start, inflation data pose tests for resilient US stocks BY Reuters |ECONOMIC 09:00 AM EST
Exclusive-Bain's Manappuram deal delayed by Indian regulatory concerns, sources say BY Reuters |ECONOMIC 01/10/26 02:36 AM EST
BRIEF-Consumer Bankers Association Says Banks Respond To Proposed Cap On Credit Card Interest Rates In The US BY Reuters |ECONOMIC 01/09/26 11:03 PM EST
Bill Ackman says Trump's call for a one-year cap on credit card interest rates 'a mistake' BY Reuters |ECONOMIC 01/09/26 09:31 PM 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.

fir_news_article