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Global central banks work on statement in solidarity with Fed's Powell, Bloomberg News reports

BY Reuters | ECONOMIC | 01/13/26 03:35 AM EST

Jan 13 (Reuters) - Global central bank officials are working on a statement to ?express support for Federal ?Reserve Chair Jerome Powell after ?the Trump administration ?opened ?a criminal investigation into him, ?Bloomberg News ?reported on Tuesday, citing a person familiar ?with the ?matter.

The ?Trump administration's decision drew condemnation from former Fed ?chiefs and a chorus of criticism from key members of Trump's Republican Party ?on ?Monday, following an unusually sharp public rebuke ?from Powell calling the move a "pretext" to win presidential influence over interest rates.

Reuters could not ?immediately verify the report.

(Reporting by Bipasha Dey in ?Bengaluru; Editing by Andrew Heavens)

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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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