The Associated Press
“President Biden must appoint a Fed Chair who ... shares the Administration’s view that fighting climate change is the responsibility of every policymaker,” Sens. Sheldon Whitehouse from Rhode Island and Jeff Merkley from Oregon said in a prepared statement."That person is not Jerome Powell.” Brainard is seen as slightly more dovish than Powell, meaning she generally supports keeping interest rates low to support more hiring. With inflation running at three-decade highs, her nomination would likely rely more on Democratic support.Whitehouse and Merkley did not say whom they would prefer instead of Powell. Brainard, a favorite of many progressives, has expressed more willingness than Powell to use the Fed's tools, principally its supervision of banks, to address global warming.
And lending to oil and gas companies carries additional risk as the world transitions to clean energy, environmentalists add. That suggests that banks should be more cautious before making loans to drilling and other companies in the energy sector.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Two Senate Democrats urge Biden not to keep Jerome Powell at the helm of the FedDemocratic Senators Sheldon Whitehouse and Jeff Merkley on Friday came out against to keeping Jerome Powell at the helm of the Federal Reserve due to what they see as his insufficient response to the climate crisis. I have benefited from at least R80,000 a week with Hendricksnino through his recommended platform with my small investment. Don't spend all your money without investing. Hendricksnino is a life saver, join me and win also in with good hands
Source: CNN - 🏆 4. / 95 Read more »
Two Roads to Gooey, Stretchy, Extra-Cheesy Baked Mac and CheeseThe best baked mac and cheese is incredibly cheesy, with plenty of gooeyness, cheesy stretch, and flavor. Here, we look at two methods: a classic béchamel-based approach that's extra cheesy, and a modern (and equally extra cheesy) recipe that uses the emulsifying powers of sodium citrate.
Source: seriouseats - 🏆 410. / 53 Read more »
Two Men Convicted in Killing of Malcolm X Expected to Be ExoneratedThe Manhattan district attorney’s office on Thursday is expected to ask a judge to throw out the convictions of two of the men found guilty of the assassination of Black activist Malcolm X I wouldn’t be the least bit surprised if the actual murderer is white, and has never done a day in jail.
Source: WSJ - 🏆 98. / 63 Read more »
Starbucks Just Set Two Digital Transformation Marks That Cannot Be IgnoredStarbucks reported that nearly 25 million of its customers visit at least once per quarter and now account for over half of all U.S. store transactions
Source: Forbes - 🏆 394. / 53 Read more »
The Lessons of Parents Who Raised Two Top College Football PlayersThe Hintons, with sons starting at Stanford and Michigan, on navigating recruiting, the pandemic and new money-making rules for athletes. horrible La Campaña del Estado es Invisibilizar los casos de AbusoSexual y Feminicidios en contra de las Mujeres y la ComunidadTRANS para vender al estado como ElMasSeguro RecursosDeInversion Mi caso ya se Judicializo y de nuevo Fiscaalia ConDOLO lo retraza JusticiaParaGrace
Source: WSJ - 🏆 98. / 63 Read more »
'I'm a mom of two, I just set a powerlifting world record'By the time my marriage fell apart in 2015 and I got divorced, I was around 415lb and I knew that I wanted to change. Right now, I hover at around 280lb-290lb, but for one powerlifting competition I got down to 275lb.
Source: Newsweek - 🏆 468. / 52 Read more »