Fed will resist political pressure to pursue green goals: Powell 

During his address at Stanford University on Wednesday, Fed Chairman Jerome Powell stressed that the Federal Reserve is not a climate regulator and will firmly oppose any attempts to compel it towards green objectives. 

Powell underscored the importance of steering clear of “mission creep” to uphold public trust. He emphasized that the central bank’s primary focus should remain on fulfilling its dual mandate of ensuring price stability and maximizing employment.