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WATCH: New ‘Fossil Free Federal Reserve’ campaign launches
Ahead of August 26-28 Economic Policy Symposium, communities demand Federal Reserve codify climate responsibility, urge Biden appoint a climate champion as Fed Chair.
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Jay Powell faces rockier path to second Fed term after tough week
Chair confronts criticism from progressives and trading scandal at central bank as Biden nears decision The prospects of a second term for Jay Powell as Federal Reserve chair have been hit by growing backlash from …
Sen. Warren calls Fed Chair Powell a ‘dangerous man,’ says she will oppose his renomination
Sen. Elizabeth Warren charged Tuesday that Federal Reserve Chairman Jerome Powell has led an effort to weaken the nation’s banking system, and she vowed to oppose his renomination.
Activists Ramp Up Pressure on Biden Administration Ahead of UN Climate Talks
Climate activists say the U.S. won’t be able to meet its emissions targets or climate finance goals, however, unless financial regulators force banks, insurers and asset managers to stop financing fossil fuels. With the Biden …
New York Fed researchers develop climate stress test for banks
Researchers at the New York Federal Reserve Bank have developed an approach to measuring banks’ exposures to climate-related risks, a possible early step toward assessing whether financial institutions have enough capital on hand to withstand …