Federal Reserve Chairman Jerome Powell does not view the central bank as the primary entity to address climate change, emphasizing its focus on employment and price stability.
Federal Reserve Chairman Jerome Powell stated that while he acknowledges climate change as a real threat with long-term risks, he does not see the central bank as the appropriate entity to take a leading role in addressing the issue. He reiterated that the Fed's primary focus is on maximum employment and price stability. Powell believes that climate change policy should be handled by elected officials.
March 06, 2024
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