Fed chair nominee Warsh's Senate panel hearing set for April 21

BY Reuters | ECONOMIC | 04/14/26 02:11 PM EDT

April 14 (Reuters) - The Senate Banking Committee will hold a hearing for Federal Reserve chair nominee Kevin Warsh on April 21, it said on Tuesday, giving lawmakers less than a month to get him confirmed before Jerome Powell's leadership term ends. (Reporting by Ann Saphir; Editing by Chris Reese)

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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