Powell says climate change is not a main factor in the Fed's policy decisions

Fed Chairman Jerome Powell said climate change is not a main consideration for monetary policy.

Powell made clear that the institution's role in the matter is limited to oversight of banks and the rest of the financial system.Federal Reserve Chairman Jerome Powell said Friday that climate change is not a main consideration for the central bank when formulating monetary policy. Speaking on a panel of his global colleagues, the head of the U.S. central bank said taking on issues related to global warming is more for the government than it is for his institution.

"Today, climate change is not something that we directly consider in setting monetary policy," Powell told the "Green Swan" conference presented by the Bank of International Settlements. "We're quite actively exploring exactly what climate implications are for our supervisory, regulatory and financial stability responsibilities.

However, Powell made clear that the institution's role in the matter is limited to oversight of banks and the rest of the financial system, and not in setting public policy otherwise. He added that "there's a lot to like" about stress-testing banks for climate-related issues, but did not commit to a specific program.

Yeah it must be Bond yeild , Inflation, Job Data & Front line access to Dollar index down below 90

Is inflation even a main factor in their policy decision?

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