The US Federal Reserve, like other central banks, uses monetary policy to achieve price stability and full employment, but struggles to use it effectively when the stability of the financial system is in jeopardy. Fortunately, when it comes to climate financial risks, a new mindset – supported by new personnel – is emerging.
WASHINGTON, DC – On February 3, the Senate Banking Committee will hold confirmation hearings for three nominees to the Federal Reserve Board of Governors: Sarah Bloom Raskin, Lisa Cook, and Philip Jefferson. All three are exceptionally well-qualified, with deep experience and overlapping expertise that includes bank regulation, international economics, and monetary policy. (I worked closely with Cook on these issues within US President Joe Biden’s transition team.)
WASHINGTON, DC – On February 3, the Senate Banking Committee will hold confirmation hearings for three nominees to the Federal Reserve Board of Governors: Sarah Bloom Raskin, Lisa Cook, and Philip Jefferson. All three are exceptionally well-qualified, with deep experience and overlapping expertise that includes bank regulation, international economics, and monetary policy. (I worked closely with Cook on these issues within US President Joe Biden’s transition team.)