, Columnist
The Fed Is Heading for an F on a $7 Trillion Test
Back of the class.
Photographer: Kevin Dietsch/Getty Images
The people whom President Donald Trump has picked to protect America’s money keep insisting a heating planet won’t set that money on fire. But it’s already burned trillions of dollars and threatens to burn exponentially more. Many of these losses could become permanent.
Former Federal Reserve Governor Kevin Warsh, Trump’s choice to run the central bank after Jerome Powell, has said the Fed should ignore climate change, dismissing concern about it as a “bandwagon” that is “fashionable” and “fleeting.” He also called it “contraband,” which, in my opinion as a professional English user, is not a proper use of that word because it isn’t illegal to care about climate. For now, anyway.