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September 18, 2023 | The American Prospect
The Federal Reserve Could Be a Powerful Weapon Against Climate Change
Activists are pushing Fed vice chair Michael Barr and his deputy Kevin Stiroh to force the financial sector to take climate change seriously.
August 29, 2023
RELEASE: Revolving Door Project Decries Fed’s Lack Of Action On Climate Risk Mitigation At Jackson Hole Summit, Calls For Immediate Change Of Course
Rather than rise to the occasion, Jerome Powell was cowed by preemptive Republican attacks on climate risk mitigation, failing to fulfill his obligation to protect the financial system from excess risk.
August 24, 2023 | The American Prospect
Jay Powell’s Legacy Depends on Whether He Steps Up on Climate Risk
In advance of his Jackson Hole speech, the Fed chair has neglected his role of ensuring the safety and soundness of banks with substantial fossil fuel assets.