Tag: Federal Reserve
Climate Denial Is Alive at the Fed. We Need the Fossil Free Finance Act.
May 24, 2023
Banks’ destructive lending decisions are threatening the habitability of our planet and exposing all of us to higher risk from financial meltdowns. The Fed is supposed to guard against this, and serve the public interest. It’s time it stepped up to
Fed Chair Powell Grilled on Interest Rate Hikes: Positive Money Response
March 8, 2023
Washington, D.C — This week, Federal Reserve Chair Powell testified before Congress to discuss the Fed’s latest semiannual “Monetary Policy Report.” The report and Chair Powell’s testimony confirmed the Fed’s commitment to continued
Federal Reserve Announces Climate Scenario Analysis for Big Banks: Positive Money US Response
September 29, 2022
The Federal Reserve announced today that six of the nation’s largest banks will participate in a pilot climate scenario analysis exercise in 2023, designed to “enhance the ability of supervisors and firms to measure and manage climate-related
Interest Rate Hikes are the Wrong Tool: Positive Money US Response
September 22, 2022
The Federal Reserve has raised rates for the third consecutive time by 0.75%, in an attempt to tame inflation by increasing the cost of borrowing and therefore dampening demand. Positive Money U.S.’s lead campaigner Akiksha Chatterji said,