Jerome Powell addresses diversity and Fed's withdrawal from green finance initiative

zerohedge.com February 4, 2025, 08:00 PM UTC

Federal Reserve Chair Jerome Powell held a press conference last week, his first under President Trump's second term. He stated he would not comment on Trump and confirmed he has had no contact with the President. Powell affirmed his commitment to diversity and inclusion but noted the Fed is reviewing recent executive orders related to these topics. He indicated the Fed would align its policies with applicable laws. Additionally, the Fed announced its withdrawal from the Network of Central Banks and Supervisors for Greening the Financial System. Powell explained this decision was based on a disconnect between the NGFS's work and the Fed's mandate.


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