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Kevin Warsh Sworn In as US Federal Reserve Chair

BY MT Newswires | ECONOMIC | 01:06 PM EDT

01:06 PM EDT, 05/22/2026 (MT Newswires) -- Kevin Warsh was sworn in as chair of the US Federal Reserve in a ceremony at the White House, multiple media outlets reported Friday.

Warsh returns to the Fed after serving as a board member from 2006 to 2011, according to the reports.

"I will lead a reform-oriented Federal Reserve, learning from past successes and mistakes both, escaping static frameworks and models, and upholding clear standards of integrity and performance," Warsh said, according to the HuffPost.

Warsh was sworn in by Supreme Court Justice Clarence Thomas.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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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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