The Federal Reserve has publicly stated that they would stay out of climate change policy, but their actions tell a different story. In this video, we’ll explore the Fed’s recent actions and what they mean.
We’ll examine how the Fed has quietly incorporated climate change into their economic analyses, stress tests, and regulatory oversight of financial institutions. Despite saying they will stay out of climate policy, we will discuss their contradictory actions in joining the Network for Greening the Financial System, whose stated purpose is «to help strengthening the global response required to meet the goals of the Paris agreement and to enhance the role of the financial system to manage risks and to mobilize capital for green and low-carbon investments in the broader context of environmentally sustainable development.» We’ll also discuss why the Fed’s involvement in climate change could impact the economy and financial markets, and why they should stay in their lane.
Despite the Fed’s reluctance to get involved in climate change policy, their actions suggest that they are doing it anyways. Whether you’re an investor, policymaker, or concerned citizen, this video will provide you with the essential information you need to know about the Fed’s secret involvement in climate change policy.
On this episode of Liberty Curious, Kate Wand was joined by Thomas Hogan.
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