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Warsh promises inflation data review if confirmed as Fed chair

BY Reuters | ECONOMIC | 04/21/26 11:30 AM EDT

April 21 (Reuters) - Kevin Warsh, nominated by President Donald Trump to lead the U.S. Federal Reserve, on Tuesday said he would launch a review of the data the central bank uses for gauging inflation, saying the current measures employed by the Fed are flawed.

Warsh, at his confirmation hearing before the Senate Banking Committee, said he prefers trimmed mean or median measures of price changes to get a better sense of the underlying rate of inflation. Containing inflation is one of the Fed's two congressionally mandated goals, the other being maximum employment. (Reporting By Dan Burns)

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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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