Environmentalists seek climate pledges after Biden renominates Fed chief

November 22, 2021
Environmentalists are urging senators to press Federal Reserve Chairman Jerome Powell for new commitments to address the financial risks of climate change after President Joe Biden re-nominated Powell, who activists and some Democratic senators have criticized over his low-key stances on the issue. “In the upcoming confirmation hearings, senators should press Mr. Powell on how he plans to use every tool at his disposal to fulfill the Fed’s mandate to promote stability and mitigate the systemic risk posed by the...

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