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

US Senate Banking chairman floats possible panel to probe Fed construction

BY Reuters | ECONOMIC | 04/21/26 08:16 AM EDT

WASHINGTON, April 21 (Reuters) - U.S. Senate Banking Committee Chairman Tim Scott said on Tuesday he would be willing to set up a special committee to investigate Federal Reserve construction projects in an effort to "move on" and get Kevin Warsh in the central bank's top job.

Scott spoke to CNBC before Warsh's Senate confirmation hearing. (Reporting by Susan Heavey; Editing by Doina Chiacu)

More Fixed Income News

Bank of England set to hold rates as Iran war clouds outlook BY Reuters |ECONOMIC 07:01 PM EDT
ECB to hold rates steady but keep hikes firmly on the table BY Reuters |ECONOMIC 06:00 PM EDT
Brazil central bank trims interest rates again, eyeing Iran conflict BY Reuters |ECONOMIC 05:59 PM EDT
Fed chief nominee Warsh clears key hurdle toward Senate confirmation vote BY Reuters |ECONOMIC 05:55 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