Democratic senators demand records on Powell probe, WSJ reports

BY Reuters | ECONOMIC | 03:40 PM EST

Jan 20 (Reuters) - U.S. democratic senators Elizabeth Warren ?and ?Dick Durbin are ?demanding ?that ?President Donald Trump's ?administration ?turn over records related ?to ?the ?Justice Department's criminal probe of ?Federal Reserve Chair Jerome Powell, the ?Wall ?Street Journal reported ?on Tuesday.

Reuters could not immediately verify ?the report. (Reporting by Gursimran Kaur ?in Bengaluru)

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.

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