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Powell: Fed has only narrow role to play on climate change

Por: Los Angeles Times Business January 11, 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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