Economy

Climate change not a main factor in Fed decisions

0


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…



Source cnbc.com

0 0 votes
Article Rating

Long-term unemployment is falling for first time during Covid pandemic

Previous article

The Navy’s costly plan to upgrade aging submarines

Next article

You may also like

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

More in Economy