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Fed, Climate Change Collide in Tussle Over Who Becomes Chair

  • Experts say climate poses risk to financial, economic systems
  • Others say Congress must lead, give other regulators guideline
Jerome Powell
Jerome PowellPhotographer: Al Drago/Bloomberg
Updated on

The fight over who should lead the Federal Reserve for the next four years has intensified questions about whether the central bank is doing enough to help combat climate change.

While Chair Jerome Powell enjoys broad support from Republicans and many Democrats for his handling of monetary policy and his response to the pandemic, his critics on the left have attacked him for, among other things, acting too slowly to focus the Fed’s attention on climate.