Disappointment from campaigners at Powell renomination
US climate campaigners have expressed disappointment at President Joe Biden’s decision to renominate Jerome Powell for a second term as Federal Reserve chair, while welcoming the elevation of governor Lael Brainard to the position of vice chair.
Weekly roundup: Climate risk weighting and Lagarde on price stability
Finance Watch’s Thierry Philipponnat on climate risk weighting in capital allocations, a new Chair of the Fed’s Financial Stability Climate Committee, Christine Lagarde on price stability, and more from this week in green central banking.
US civil society groups add to calls for new Fed Chair
Civil society groups from 32 organisations have sent an open letter to US President Joe Biden asking him to replace Jerome Powell as US Federal Reserve Chair due to his weak leadership on addressing climate change and its effects on …
Priorities for the next Federal Reserve chair: assertively take on climate-related risk
Current Fed Chair Jerome Powell has taken little to no action on climate change and the next Fed chair should adopt a dramatically different and proactive approach to eliminating climate risk from the US financial system, write David Arkush and …
Stiglitz calls for Fed Chair Powell to go
Nobel Prize-winning Economist and former White House Advisor Joseph Stiglitz has called on President Joe Biden not to re-nominate US Federal Reserve Chair Jerome Powell because of his reticence to act on climate change. In a Reuters interview published yesterday, …
US Senator calls for climate-focused Fed Chair
US Senator Sheldon Whitehouse (D – R.I.) has called for a climate-focused Chair of the Federal Reserve as speculation grows over whether President Joe Biden will re-nominate current Chair Jerome Powell for another four-year term.
Congressional reps call for Powell’s replacement on climate
Five progressive US congressional representatives have called on President Joe Biden to replace Jerome Powell as Chair of the Federal Reserve because of his inaction on mitigating climate risk to the US financial system.
Weekly roundup: Fed politics and XR target BoE
The ECB’s Isabel Schnabel on climate, a new green strategy from Bank of Thailand, the Fed and US climate politics and Extinction Rebellion rallies outside Bank of England in a “blood money march” calling for an immediate end to all …
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