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Fed can't do much to fight climate change, Jerome Powell says

Por: CBS News Politics January 10, 2023

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The Federal Reserve has only a limited role to play in combating climate change, Chair Jerome Powell said Tuesday, a stance that puts him at odds with environmental activists who have pushed central banks worldwide to take steps to restrict lending to energy companies. Maintaining the Fed's independence, Powell said, includes steering clear of issues that are more properly overseen by elected officials. Without explicit congressional... + full article



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