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Home Climate

Heading for a Second Term, Fed Chair Jerome Powell Bucks a Global Trend on Climate Change

Michael Sanders by Michael Sanders
01/16/2022
in Climate
Heading for a Second Term, Fed Chair Jerome Powell Bucks a Global Trend on Climate Change
11
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As other central banks take a more activist role, Powell wants Congress and the private sector to assess growing climate risks. Elizabeth Warren calls his views “dangerous.”

By Marianne Lavelle

Many of the questions Jerome Powell faced at his Senate confirmation hearing last week would have been familiar to any Federal Reserve chair on Capitol Hill: Where is the economy heading? What about inflation? How fast could interest rates rise?

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