Trump tells Hassett he may want to keep him at White House

BY Reuters | ECONOMIC | 10:36 AM EST

WASHINGTON, Jan 16 (Reuters) - President Donald Trump on Friday praised economic adviser Kevin Hassett at a White House event and said ?he may want to keep him in ?his current role, as the president considers ?his nominee for the ?next ?Federal Reserve chair.

"I see Kevin's in the audience, ?and I just ?want to thank you. You were fantastic on television today. I ?actually want ?to keep ?you where you are, if you want to know the truth," ?Trump said.

"Kevin Hassett is so good. I'm saying, 'Wait a minute, if I move him -- these Fed guys, certainly the one we have ?now, ?they don't talk much.' I would lose you. It's a serious ?concern to me," Trump said at the event.

"You've been incredible. We don't want to him lose him, Susie, but we'll see how it all works out," ?Trump said, referencing his White House chief of staff Susie Wiles. (Reporting by Trevor Hunnicutt ?and Bo Erickson; editing by Susan Heavey)

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