GOP senators press Federal Reserve on climate agenda amid record inflation, banking uncertainty
Fox News
Senate Republicans are calling on Federal Reserve Chairman Jerome Powell to order central bank officials to stop pursuing climate change policies and instead focus on inflation.
"We are growing increasingly frustrated with the Federal Reserve’s engagement on environmental policymaking and research far outside of its statutory mandate, all while there is persistent inflation and a crisis of confidence in the banking sector," they stated in the letter to Powell. Thomas Catenacci is a politics writer for Fox News Digital.
"We urge you to rein in the Fed’s regional banks and its economists who are seemingly ignoring your leadership," the letter continued. "The Fed’s credibility hangs in the balance, and without a course correction, history will find you either complicit or ineffective as Chairman."