AOC, Tlaib, Pressley "Urge" Biden to replace Fed Chair with someone focused on "Climate Change" and "Racial Justice"

[CDDP]

Fed is already out of control and now they want them to worry about other issues than full employment and stable prices (lol transitory inflation). This is a recipe for Venezuela.



In a statement to Politico, the Reps. said: “As news of the possible reappointment of Federal Reserve Chair Jerome Powell circulates, we urge President Biden to re-imagine a Federal Reserve focused on eliminating climate risk and advancing racial and economic justice. We urge the Biden Administration to use this opportunity to appoint a new Federal Reserve Chair.”

AOC said of Jerome Powell: “Under his leadership, the Federal Reserve has taken very little action to mitigate the risk climate change poses to our financial system.”

“At a time when the Intergovernmental Panel on Climate Change is warning of the potential catastrophic and irreversible damage inflicted by a changing climate, we need a leader at the helm that will take bold and decisive action to eliminate climate risk,” their statement said.

 

[BigBucnNole]

Probably angling for the new resiliency investments that are coming.

 

[PawPower1981]

Cunts, all of them

 

[America 1st]

Do they want someone who gonna print Moore money?

Someone explain this to me like I’m 5 cuz it seems like all they’re doing is pissing off their base about the next appointment.

 

[Jayhacker]

They want more money trees to be planted.

 

[ChicagoFats]

Fed is already out of control and now they want them to worry about other issues than full employment and stable prices (lol transitory inflation). This is a recipe for Venezuela.



In a statement to Politico, the Reps. said: “As news of the possible reappointment of Federal Reserve Chair Jerome Powell circulates, we urge President Biden to re-imagine a Federal Reserve focused on eliminating climate risk and advancing racial and economic justice. We urge the Biden Administration to use this opportunity to appoint a new Federal Reserve Chair.”

AOC said of Jerome Powell: “Under his leadership, the Federal Reserve has taken very little action to mitigate the risk climate change poses to our financial system.”

“At a time when the Intergovernmental Panel on Climate Change is warning of the potential catastrophic and irreversible damage inflicted by a changing climate, we need a leader at the helm that will take bold and decisive action to eliminate climate risk,” their statement said.

Who dictates the fed mandate? Who gives the fed orders? They are supposed to be independent of the Executive branch? After being appointed of course

 

[CDDP]

Who dictates the fed mandate? Who gives the fed orders? They are supposed to be independent of the Executive branch? After being appointed of course

Humphrey–Hawkins Full Employment Act requires the Board of Governors of the Federal Reserve to establish a monetary policy that maintains long-run growth, minimizes inflation, and promotes price stability.

It's a joke because they get to pick their own numbers. The Fed is not independent when they are monetizing federal debt and when the Chair and Treasury Secretary regularly meet each other to discuss matters. Adding mandates like climate change and racial justice will allow for even more crazy monetary policies.

 

[CDDP]

 

[Jtrain80]

Do they want someone who gonna print Moore money?

Someone explain this to me like I’m 5 cuz it seems like all they’re doing is pissing off their base about the next appointment.

It is because they are anti-Semitic.

 

[denn]

The cartoon character is far and away the # pick here.

 

[America 1st]

Powell getting a 2nd term is looking Moore and Moore likely by the day.

Clash among progressives is boosting the Fed chief’s path to keeping his job

The divisions provide an opening for Jerome Powell to win nomination to a second term and confirmation by the Senate.

www.politico.com

 

[Fansong63]

Cunts, all of them

You left out worthless in front of cunts.

 

[shiv]

It’s fuckin hilarious to me that the biggest green energy companies are all the big boys in the traditional energy industry (Exxon). They spit out some shit about using graphene to trap green house gasses and they win if we protect “climate change” or we don’t

 

[America 1st]

It’s fuckin hilarious to me that the biggest green energy companies are all the big boys in the traditional energy industry (Exxon). They spit out some shit about using graphene to trap green house gasses and they win if we protect “climate change” or we don’t

It’s almost like @America 1st’s drunken ramblings about corporate America and big business came from a point knowledge…