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Fed's Powell Says Relying On Banking Agencies To Lead Fight On Climate Change Is A Big Mistake; Fed Won't Force Banks To Adopt Climate Transition Plans; We Are Not Climate Policymakers And Don't Have That Mandate; Key To Our Independence Is Sticking...

Benzinga ·  Jul 10 12:58

Fed's Powell Says Relying On Banking Agencies To Lead Fight On Climate Change Is A Big Mistake; Fed Won't Force Banks To Adopt Climate Transition Plans; We Are Not Climate Policymakers And Don't Have That Mandate; Key To Our Independence Is Sticking To The Job Given By Congress; Fed Can Only Ensure Banks Are Able To Absorb Costs Of Climate Change

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