Jessica Corbett is a senior editor and staff writer for Common Dreams.
U.S. climate campaigners and other critics of Jerome Powell 's record as Federal Reserve chair responded with frustration Monday to President Joe Biden 's renomination of him to the post despite opposition from progressive activists, economists, and lawmakers.'Powell as chair of the Federal Reserve will make it more difficult for Biden to ultimately be a successful president.
Ed Markey is sponsoring legislation that would make the Fed impose new restrictions on financial institutions to cut off funding for fossil fuel projects.'We need a focus on climate action in all facets of the federal government, including the Federal Reserve,' Merkley tweeted Monday. 'Jerome Powell has already proven... he won't answer calls for climate action. I will vote no.'Sen.
Center For Economic And Policy Research Elizabeth Warren Federal Reserve Jeff Merkley Joe Biden Open Markets Institute Politics Public Citizen Sierra Club Wall Street Lael Brainard Revolving Door Project Sarah Bloom Raskin Jerome Powell
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