Powell, Lagarde split over central bank role in climate policy

Paris (AFP) June 4, 2021

US Federal Reserve chief Jerome Powell said Friday it was not the central bank's role to set climate policy, a stance rejected by European counterpart Christine Lagarde who warned that "the planet is burning". "We are not and we do not seek to be climate policy makers as such. We have a very specific mandate and precious independence," Powell told a videoconference hosted by the Bank of Inte