If confirmed, Sarah Bloom Raskin could make for a true ally in climate change policy and assist in the nation’s necessary transition away from fossil fuels.
John — We wouldn’t blame you if the recent hearings on Biden’s nomination to the Federal Reserve’s Board of Governors may have slipped under your radar, but perhaps it shouldn’t have…
Sarah Bloom Raskin served as a Fed governor from 2010 to 2014 before joining the Obama administration’s Treasury Department. Since then, she has become an outspoken advocate for financial regulators’ responsibility to anticipate climate risks and play a role in reducing emissions. She has even suggested that regulators should discourage banks from lending to oil and gas companies and called oil and gas a “dying” industry in a New York Times opinion column.
If confirmed, Sarah Bloom Raskin could make for a true ally in climate change policy and assist in the nation’s necessary transition away from fossil fuels. But we want to hear your opinion, John: Do you think it’s important to have a climate ally at the Federal Reserve?
The Federal Reserves' Board of Governors provides leadership and executes the central bank's mandate to push for maximum employment, stable prices, and moderate long-term interest rates. They also serve a critical regulatory role over the U.S.’s banking system.
The Fed has just barely begun to analyze banks' risks from rising temperatures and changing weather patterns. But many Republican members of the Senate have raised their concerns about Sarah Bloom Raskin's positions taking the role of the Fed's Board of Governors too far.
That’s why we want to hear from you, John: Is having a climate ally like Sarah Bloom Raskin on the Fed’s Board of Governors important to combating climate change?
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