Jeremy Edwards Former Federal Reserve Chair Jerome Powell said that if a president could remove Federal Reserve officials for disagreeing with their policy decisions, the central bank would risk losing the credibility necessary to maintain a strong and stable economy. “If any administration finds a way to remove Fed officials over policy differences, then future administrations will do so as well,...
Jeremy Edwards Former Federal Reserve Chair Jerome Powell said that if a president could remove Federal Reserve officials for disagreeing with their policy decisions, the central bank would risk losing the credibility necessary to maintain a strong and stable economy. “If any administration finds a way to remove Fed officials over policy differences, then future administrations will do so as well,” Powell said in the text of remarks prepared for delivery Sunday in accepting the John F. Kennedy Profile in Courage Award at the JFK Presidential Library in Boston. In such a scenario, the public would lose faith that the Fed would make decisions based on what’s best for all Americans, Powell added. “The Fed’s credibility would be lost,” he added. “Our credibility has been built and sustained over many decades, and we have a duty to safeguard that priceless asset for our fellow citizens and for generations to come.” Sunday’s remarks were Powell’s first public comments since he was succeeded as head of the central bank by Kevin Warsh. Powell remains on the Fed’s Board of Governors — a move he said in April was spurred by his concern about attacks on the central bank. His term as a governor doesn’t expire until January 2028. President Trump has frequently criticized Jerome Powell for being "too slow" to cut interest rates. The Trump administration also sought to remove Fed Governor Lisa Cook , but court rulings have so far allowed her to remain in her position. More on markets, Korea And Japan Worry Me More Than The Strait Of Hormuz The Stock Market May Be About To Break The 1-Minute Market Report, May 31, 2026 Catalyst Watch: FedEx splits, tech CEOs hit Computex, Quantinuum IPO, and the jobs report JPMorgan's Jamie Dimon says market exuberance 'not bad,' but warns of risks
A Malaysian state chief minister is under police investigation after a viral video showed him shooting a sacrificial cow with a shotgun at an Eid ul-Adha event, triggering public anger and questions over gun use, animal welfare and Islamic slaughter rules. Police in Perlis, a small northern state bordering Thailand, said they had seized the shotgun believed to have been used by Chief Minister Abu ...
A Malaysian state chief minister is under police investigation after a viral video showed him shooting a sacrificial cow with a shotgun at an Eid ul-Adha event, triggering public anger and questions over gun use, animal welfare and Islamic slaughter rules. Police in Perlis, a small northern state bordering Thailand, said they had seized the shotgun believed to have been used by Chief Minister Abu Bakar Hamzah at the korban (ritual sacrifice of livestock) ceremony in Kuala Perlis on...
Lusyaya/iStock via Getty Images Nomura Tax-Free USA Fund Institutional Class shares underperformed the Fund's benchmark by 21 basis points, returning -0.39% versus -0.18% for its benchmark, the Bloomberg Municipal Bond Index, for 1Q26. Nomura Tax-Free USA Fund Institutional Class shares underperformed the median return within its Lipper peer group (General & Insured Municipal Debt Funds) by 30 bas...
Lusyaya/iStock via Getty Images Nomura Tax-Free USA Fund Institutional Class shares underperformed the Fund's benchmark by 21 basis points, returning -0.39% versus -0.18% for its benchmark, the Bloomberg Municipal Bond Index, for 1Q26. Nomura Tax-Free USA Fund Institutional Class shares underperformed the median return within its Lipper peer group (General & Insured Municipal Debt Funds) by 30 basis points. Average annual total returns (%) as of March 31, 2026 Expense ratio Share Class 1Q26 1 YTD 1 1 year 3 year 5 year 10 year Lifetime Inception date Gross Net 2 Institutional -0.39 -0.39 1.78 3.64 0.31 2.39 4.41 12/31/2008 0.64% 0.55% A (at NAV) -0.47 -0.47 1.51 3.37 0.06 2.13 5.64 0.89% 0.80% A (at Offer) 3 -4.96 -4.96 -3.02 1.81 -0.85 1.66 5.52 Bloomberg Municipal Bond Index -0.18 -0.18 4.29 2.87 0.84 2.16 — Lipper General & Insured Municipal Debt Funds Average (median) -0.09 -0.09 3.80 3.08 0.58 1.98 — Click to enlarge 1. Returns for less than one year are not annualized. 2. Net expense ratio reflects a contractual waiver of certain fees and/or expense reimbursements from December 30, 2025 through December 29, 2026. Please see the fee table in the Fund's prospectus for more information. Expenses are from the Fund's prospectus that is effective as of the date of this commentary indicated above. 3. Includes maximum 4.50% upfront sales charge. For Class A shares, a 1% contingent deferred sales charge is only imposed on certain Class A shares that are purchased at net asset value (NAV) for $250,000 or more that are subsequently redeemed within 18 months of purchase. The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance quoted. Performance data current to the most recent month end may be obtained by calling 800 523-1918...