Tag: federal reserve
The Federal Reserve called the review a “pilot exercise” to make sure the U.S. financial system is ready for the various risks presented by the climate crisis.
Economists warned that increasing interest rates too quickly was "a very dangerous approach," could make inflation worse and cause "great pain" without addressing real economic issues.
The move came after the Fed, for the first time, formally acknowledged the threat climate change poses to the global financial system.
"Big corporations have shown time and again that they will put their shareholders and executives ahead of their workers if given the choice."
Central bankers are now aggressively playing the stock market. To say they are buying up the planet may be an exaggeration, but they could.