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Trump says his Fed nominee Warsh could pick up support from Democrats

BY Reuters | ECONOMIC | 01/31/26 09:26 PM EST

ABOARD AIR FORCE ONE, Jan ?31 (Reuters) - U.S. President Donald Trump said ?he thinks Kevin Warsh, ?his pick to ?head ?the Federal Reserve, could pick up ?votes from ?some Democrats in the Senate, calling him a "high-quality ?person" who ?should ?not have any trouble winning Senate confirmation.

Trump, a Republican, ?told reporters aboard Air Force One on Saturday that he expected Warsh to lower interest ?rates ?if confirmed, citing Warsh's comments in interviews and ?other statements.

Asked if Warsh had made any commitments to do so, Trump said, "I don't want to do that. ?I couldn't do that." (Reporting by Trevor Hunnicutt; Writing by Andrea ?Shalal; Editing by William Mallard)

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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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