Federal Reserve chairman Jerome Powell recently announced that the U.S. central bank will not be implementing climate policy. Such a statement should not be necessary. But it is welcome given the Fed’s recent moves toward becoming a tool of climate activists.
At a meeting of central bank leaders last week, European Central Bank president Christine LaGarde set the tone by stating, “We have to commit now, we have to deliver fast, and I think we have to implement decisively” on combatting global warming.
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