US Fed should avoid climate change 'mission creep': Powell
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The head of the US Federal Reserve, Jerome Powell, stated that the Fed should avoid tackling politically-charged issues like climate change without Congressional approval in order to maintain public trust in the institution. Powell emphasized that the Fed's mandate does not include issues like tax and spending policies, immigration policy, and climate change. He stated that policies to address climate change are the responsibility of elected officials and the agencies they have charged with this responsibility. Powell's remarks highlight his push to keep the US central bank away from political issues, especially during a time of deep division in the country. The Fed operates independently of Congress and focuses on maintaining low inflation and unemployment rates.

#UsFederalReserve #ClimateChange #JeromePowell #Congress #PoliticalIssues

https://www.legit.ng/business-economy/economy/1586389-us-fed-avoid-climate-change-mission-creep-powell/