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

Bessent says he is optimistic Warsh will be Fed chair 'on time'

BY Reuters | ECONOMIC | 02:12 PM EDT

WASHINGTON, April 15 (Reuters) - U.S. Treasury Secretary Scott Bessent on Wednesday said he was optimistic that Kevin Warsh, President Donald Trump's nominee for Federal Reserve Chair, would assume the post on time.

"He is going to have a hearing on the 21st of this month. He's a great candidate. We know that the Republicans on the Senate Banking Committee are aligned in that," Bessent told a White House briefing.

"I am very optimistic that Kevin Warsh will be the Chair of the Fed on time," he said.

(Reporting by Steve Holland, writing by Bhargav Acharya;Editi9ng by David Ljunggren)

More Fixed Income News

Brazil central bank's cautiousness has paid off amid rising uncertainties, says director BY Reuters |ECONOMIC 04:07 PM EDT
Sector Update: Financial Stocks Mixed Late Afternoon BY MT Newswires |TREASURY 03:59 PM EDT
Sector Update: Financial BY MT Newswires |TREASURY 03:45 PM EDT
TREASURIES-US bonds slide as investors weigh Middle East risks, Trump optimism BY Reuters |TREASURY 03:40 PM 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