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US DOJ, White House clearing way to keep Powell probe going, Bloomberg News reports

BY Reuters | ECONOMIC | 02:49 PM EDT

March 19 (Reuters) - The leaders at the U.S. Justice Department are rallying behind federal prosecutor Jeanine Pirro to investigate Federal Reserve Chair Jerome Powell and the White House is not opposing, Bloomberg News reported on Thursday, citing sources.

U.S. President Donald Trump had been open to the idea of dropping the probe into Powell until last Friday, when a judge rejected subpoenas issued to the central bank, but he is now believed by aides and allies to support a push to appeal, the report said.

Reuters could not immediately verify the report. (Reporting by Mrinmay Dey in Mexico City; Editing by Chris Reese)

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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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