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

White House adviser Hassett says he was not involved with Powell probe

BY Reuters | ECONOMIC | 07:55 AM EST

WASHINGTON, Jan 12 (Reuters) - White House economic adviser Kevin Hassett said on Monday he ?was not involved in conversations ?with the Justice Department ?about its probe ?into Federal ?Reserve Chair Jerome Powell.

"I've not ?been involved ?in conversations with the Justice Department about ?that. I've ?not ?talked to the Justice Department ahead of them contacting ?Jay and so I don't really have anything to add, other than I respect ?the ?independence of the Fed and the independence ?of the Justice Department, and we'll see how it goes," Hassett told CNBC's "Squawk Box" on Monday. (Reporting ?by Bo Erickson, Susan Heavey and Doina Chiacu in Washington; ?Editing by Toby Chopra)

More Fixed Income News

Federal Home Loan Bank of Atlanta Awards $11.7 Million for Development of 1,900 Affordable Housing Units BY GlobeNewswire |AGENCY 11:00 AM EST
TREASURIES-Bond yields climb after Trump admin raises pressure on Powell BY Reuters |ECONOMIC 10:50 AM EST
Past three Fed chairs decry 'unprecedented' assault by Trump on Powell BY Reuters |ECONOMIC 10:45 AM EST
Past three Fed chairs decry 'unprecedented' assault by Trump on Powell BY Reuters |ECONOMIC 10:43 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.

fir_news_article