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White House adviser Hassett plays down probe of Fed chair Powell

BY Reuters | ECONOMIC | 01/16/26 08:05 AM EST

WASHINGTON, Jan ?16 (Reuters) - White House adviser ?Kevin Hassett played down the ?federal criminal investigation ?into Federal ?Reserve Chair Jerome Powell ?on Friday, ?saying he expected there would be nothing ?to see.

The ?Fed ?investigation is a simple request for information which ?should come shortly then will move forward, Hassett said in an interview with ?Fox ?Business Network. He said he wished there ?had been more transparency about cost overruns in renovations at Fed headquarters, the focus of ?the Justice Department probe.

(Reporting by Susan Heavey and Doina ?Chiacu; Editing by Alexandra Hudson)

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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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