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The Fed’s Climate
Responsibility
The climate crisis poses grave
threats to the economy and to financial stability.
“But . . . what should the United
States’ economist-in-chief do about it?” Neil Irwin
asks in the New York Times.
A lot more.
So far, the Federal Reserve under
current Chair Jerome Powell has done little to address climate-related
risk—inaction that will hinder necessary economic transformation and
destabilize
our financial system.
“The next Fed chair should adopt a
dramatically different approach to climate than Powell has exhibited,”
Roosevelt’s David Arkush and Kristina Karlsson write in a blog post.
“In particular, the Fed should
recognize that the climate crisis threatens the goals of its monetary
policy mission, stable prices, and full employment.”
Read on for nine
actions the Fed can take to combat the climate
crisis.
2021 Four Freedoms
Awards
The Roosevelt Institute is pleased
to announce that this year’s Four Freedoms Awards will honor those who
embody racial justice through their work and legacies.
The 2021 Four Freedoms Awards
recipients are:
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Freedom of Speech and Expression:
New York Times journalist Nikole
Hannah-Jones
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Freedom of Worship: Senator
Raphael Warnock
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Freedom from Want: Economic justice
advocate Deepak Bhargava
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Freedom from Fear: Immigrant rights
leaders Sixta Leon Barrita, Rubiela
Correa, Sonia Perez, and
Maria Isabel Sierra
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Freedom Medal: Civil rights activist
Fred T. Korematsu (given posthumously, and accepted by his daughter, Dr. Karen
Korematsu)
“As both an Asian American and
President and CEO of the Roosevelt Institute, I could not be prouder
that we as an organization are reckoning with the Roosevelt
Administration’s incarceration of Japanese Americans during World War
II by honoring Mr. Korematsu,” said Roosevelt President and CEO
Felicia Wong. “As we continue our fight for a just economy and a
multiracial democracy, it’s important to learn from the past so we can
grow in the future.”
Learn
more and join us for a series of virtual award ceremonies in October.
Congratulations to Liz
Shuler, the New AFL-CIO President
The Roosevelt Institute
congratulates Liz Shuler on her appointment as president of the AFL-CIO. As we face challenges to the very core of
our democracy and our values as a nation, Shuler is on the front
lines. In fighting for good jobs and fair wages, and defending access
to affordable health care and retirement security, Shuler demonstrates
the breadth of what it means to devote one’s life to public service
and civic duty.
Shuler succeeds the late
Richard
Trumka, whose
recent passing we mourn along with the entire labor
movement.
Earlier this year, we honored
Shuler at our Distinguished Public Service Awards (DPSA). Learn
more about Shuler’s commitment to public service, and watch an excerpt
of the 2021 DPSA ceremony.
What We’re
Reading
The Climate Crisis Is Worse for Women.
Here’s Why. -
New York
Times
Corporate America’s $50 Billion
Promise -
Washington
Post
Recent Unemployment Cuts Made People Poorer
without Increasing Employment [feat. Roosevelt's Suresh
Naidu] -
Jacobin
Magazine
How Not to Create
Jobs - New York
Times
The States Making Voting
Easier - Bloomberg
CityLab
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