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Powell: ‘Inappropriate’ for Fed to make climate policy

Por: The Hill Politics January 11, 2023

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Federal Reserve Chairman Jerome Powell said Tuesday that it would be “inappropriate” for the central bank to plunge itself into the fight against climate change. In brief Tuesday remarks during a summit in Stockholm, Powell said while the Fed must make sure banks are prepared for climate-related financial risks, it must not take measures to steer money toward green energy or away from the fossil fuel sector. While Democrats have broadly... + full article



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