Fed chair Powell warns of 'profound challenges' posed by climate change
CNN
Federal Reserve Chairman Jerome Powell acknowledged serious risks the climate crisis poses to the world economy and called for a coordinated response that is led in the United States by elected officials.
"There is no doubt that climate change poses profound challenges for the global economy and certainly the financial system," Powell said Friday while speaking virtually at the Green Swan Conference. The Fed chief said the global response will require "bold steps and decades of sustained efforts" by national authorities, international groups and the private sector.President Joe Biden on Sunday delivers his first commencement address of the 2024 season at Morehouse College, where the president may for the first time in months have to confront the angst that’s been percolating on college campuses nationwide toward his administration’s policies on the Israel-Hamas war.
Arab and Palestinian Americans left a meeting with Secretary of State Antony Blinken on Friday night frustrated they did not have a clear understanding of how the Biden administration might act upon their concerns as the Israel-Hamas war devastates the civilian population in Gaza, participants told CNN.