July 02, 2024
Coalition of Over 30 Leading Consumer Advocacy and Environmental Organizations Urges U.S. Regulators To Address Threats Of Climate Change to the Financial System
Revolving Door Project joined a coalition of over 30 organizations urging the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation to address the growing threats posed by climate change to banks and the broader financial system.
May 28, 2024
What Jamie Dimon Gets That Matt Yglesias Doesn’t
JPMorgan Chase CEO Jamie Dimon understood that no Vice Chair for Supervision could make Jerome Powell’s Fed take regulation seriously. Why didn’t Matt Yglesias?
May 08, 2024
Powell Goes Soft On Wall Street Again? Can’t Say We Didn’t Warn You
By refusing to endorse new bonus pay regulations, the Fed Chair has once again stood in the way of corporate accountability.
May 03, 2024
Keep Yellen’ At Larry Summers
The Treasury Secretary Is Right To Point Out Summers’ Record Of Failed Predictions, And Other Democrats Should Too.
April 05, 2024
Kenny Stancil Timi Iwayemi Jeff Hauser
Press Release Climate and EnvironmentFederal ReserveFinancial Regulation
RELEASE: When It Comes To Climate-Related Financial Risk, The Fed Needs To Get Its Head Out Of The Sand
Biden erred with his renomination of Powell, but if he gets another chance, he must choose a central bank leader dedicated to properly tackling the myriad challenges facing the Fed, which range from price stability and full employment to financial stability and climate-related financial risk.
April 05, 2024
Civil Society Comments on the Disclosure of Climate-Related Financial Risks
Disclosure of climate-related financial risks is critically important for investors, banks and other financial institutions, regulators, and the broader public.
March 27, 2024 | Jacobin
Jerome Powell’s Fingerprints Are on the Next Banking Crisis
One year after the collapse of Silicon Valley Bank, Federal Reserve chair Jerome Powell is obstructing the finalization of tougher capital requirements for banks — and increasing the chances of more turbulence.
February 08, 2024
The Fed's FOIA Office Is Obscuring Its Trading Scandals
In October of 2021, the Federal Reserve was embroiled in scandal. The heads of the Boston and Dallas Feds resigned following personal trading scandals that raised concerns about conflicts of interest and lax ethics guidelines. Further reports of potentially inappropriate trading by Chair Jerome Powell and Vice Chair Clarida rocketed across the business media due to these officials’ immense access to sensitive financial information and influence on monetary policy. Despite their decidedly questionable profiteering off pandemic panic, Powell and Clarida have since had their reputations effectively laundered by the media in a whitewashing effort that has attempted to clear them of all wrongdoing. To make matters worse, the Fed’s FOIA office is doing everything in its power to prevent internal documents relating to the scandals from reaching the light of day.
February 05, 2024
Will Jay Powell’s Cheerleaders Ever Admit They Were Wrong?
Soon after Biden renominated Powell, the ostensibly dovish Fed chair embarked on the most intense and sustained series of rate hikes in decades. We were told that this wouldn’t happen!
January 29, 2024 | The Sling
To Save the Planet, Biden Should Not Renominate Powell
Inflation is falling, but Jerome Powell has nothing to do with it. Our democracy and climate face mounting instability—and he has everything to do with that.
December 14, 2023 | The American Prospect
Kenny Stancil Dylan Gyauch-Lewis
Op-Ed Ethics in GovernmentFederal ReserveFinancial RegulationIndependent Agencies
Corporate Headhunters Shouldn’t Control Who Can Be a Fed Reserve Bank President
We need a democratic process for appointing leaders of regional Fed banks.
November 08, 2023 | The Sling
Fixating on Credibility Rather Than Following the Data Discredits the Fed
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
Press Release: Revolving Door Project Decries Fed’s Lack Of Action On Climate Risk Mitigation At Jackson Hole Summit, Calls For Immediate Change Of Course
At the conclusion of the Kansas City Fed’s annual Jackson Hole Economic Symposium, Revolving Door Project Senior Researcher Kenny Stancil and Research Assistant Henry Burke released the following statement:
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.