Small font size A Larger text size A Largest text size A

Bessent says Senate Banking Committee agreed to proceed with hearings for Fed nominee Warsh

BY Reuters | ECONOMIC | 02/13/26 07:16 AM EST

WASHINGTON, Feb 13 (Reuters) - The Senate Banking Committee has agreed ?to move forward ?with confirmation hearings for Kevin ?Warsh, President Donald ?Trump's nominee to ?head ?the Federal Reserve, despite a ?key senator's ?hold on the nomination, U.S. Treasury ?Secretary Scott ?Bessent ?said on Friday.

"I think it is important ?that we get ?to the hearings. Chair (Jerome) Powell's term ends mid ?May, ?and anyone who ?cares about the integrity, ?the independence of the Fed is going to want to see continuity with Kevin ?Warsh," Bessent said.

(Reporting by Andrea Shalal And ?Susan ?Heavey; editing by Philippa ?Fletcher)

More Fixed Income News

Annual US inflation posts biggest gain in nearly three years in March BY Reuters |ECONOMIC 09:23 AM EDT
Annual US inflation posts biggest gain in nearly three years in March BY Reuters |ECONOMIC 09:18 AM EDT
Traders touch less certain of June rate hike as ECB grapples with Iran war BY Reuters |ECONOMIC 09:17 AM EDT
Gold Rises as the Dollar and Yields Fall After a Report Showed U.S. Inflation Continues to Run Hot BY MT Newswires |ECONOMIC 09:17 AM EDT

All Fixed Income News

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