Fed Chair Powell delivered weak responses to questions on climate change and the central bank's role in fighting it during Congressional testimony this week.
have proactively called for a bigger financial regulatory role in ensuring the financial sector does not unduly favor environmentally harmful industries and practices.
When asked about what the Fed is currently doing on the issue of climate, Powell said: “It’s early days on that.”During his lastPowell was asked why the Fed has not joined dozens of other global central banks in the Network for Greening the Financial System. “Climate change is an important issue, a very important issue, but it’s essentially assigned to many other agencies in the federal government and state governments for leadership on that,” he said.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Zoo Will Name A Cockroach After Your Ex And Livestream It Being Fed To An AnimalAnd then watch as the San Antonio Zoo feeds it to something carnivorous.
Read more »
Congresswoman Pressley Gives Fed Chair Powell Key Lesson In Black HistoryFed Chair Powell got a lesson in Black History at his hearing before the House Financial Services Committee.
Read more »
Fed Chair Powell: 'no reason' rising wages, job gains can't continueFederal Reserve Chair Jerome Powell on Wednesday reiterated his confidence in th...
Read more »
A gold-loving, Trump-loving Fed nominee faces a key test“A lot of things have been attributed to Shelton,” said Sen. Richard Shelby. “So, where is she today?”
Read more »
Key GOP senators express worries over Trump nominee for the FedSome GOP senators expressed worry over Judy Shelton's nomination for an open seat at the Federal Reserve, which could jeopardize the Trump nominee's chances at confirmation.
Read more »