US Fed should avoid climate change 'mission creep': Powell

Washington (AFP) April 3, 2024

The Federal Reserve should avoid tackling politically-charged issues like climate change without Congressional approval if it is to maintain public trust in the institution, the head of the US central bank said Wednesday. "Fed policymakers are often pressed to take a position on issues that are arguably relevant to the economy but are not within our mandate," Fed chair Jerome Powell told a c