Federal Reserve Chairman Jerome Powell
Kevin Lamarque | Reuters
Federal Reserve Chairman Jerome Powell said Friday that climate change is not a main consideration for the central bank when formulating monetary policy.
Speaking on a panel of his global colleagues, the head of the U.S. central bank said taking on issues related to global warming is more for the government than for his institution.
“Today, climate change is not something that we directly consider in setting monetary policy,” Powell told the Green Swan conference presented by the Bank of International Settlements. “We’re quite actively exploring exactly what climate implications are for our supervisory, regulatory and financial…