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Derby’s Take: Powell Says Fed Only Starting to Understand Climate Change Issues

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derby’s-take:-powell-says-fed-only-starting-to-understand-climate-change-issues

The Federal Reserve is only in the initial stages of what will likely be a secondary role in helping the U.S. address climate change risks, Federal Reserve Chairman Jerome Powell said in congressional testimony this week.

Mr. Powell appeared before a Senate committee on Tuesday and a House committee on Wednesday as part of a joint appearance with Treasury Secretary Steven Mnuchin to discuss the coronavirus pandemic’s impact on the economy.

During…

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