Powell speech: We are not and will not be a climate policymaker – by eren_fxstreet Fed CentralBanks
said the Federal Reserve's independence from political influence is central to its ability to battle inflation, as reported by Reuters. Powell further noted that this independence requires the Fed to stay out of issues like climate change that are beyond its congressionally-established mandate."Fed must resist the temptation to broaden its scope to address other important social issues.""Fed has narrow responsibilities regarding climate-related financial risks.
"Without congressional laws, inappropriate for us to use our monetary or supervisory tools to promote a greener economy."the US Dollar IndexInformation on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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