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Powell says Fed ‘will not be’ a climate policy maker

Por: The Boston Globe Business January 11, 2023

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Jerome Powell, the Federal Reserve chair, said that to retain its independence from politics, the central bank must “stick to its knitting” — and that means it is not the right institution to delve into issues like mitigating climate change.“Without explicit congressional legislation, it would be inappropriate for us to use our monetary policy or supervisory tools to promote a greener economy or to achieve other climate-based goals,”... + full article



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