John, we did it!
The Senate has finally confirmed every member of our Federal Reserve slate: Lael Brainard, Philip Jefferson, and Lisa Cook — making this one of the most diverse and well-qualified Board of Governors in the Fed’s history.
We are proud of the work that our movement has done to secure these confirmations — from demanding that President Biden nominate climate champions, to urging members of the Senate to confirm them, to organizing in the streets for the Federal Reserve to take climate action.
But our work isn’t finished yet. As the newly confirmed Fed nominees begin their new terms, we need to make sure we hold them accountable for climate action.
Since January, we’ve been fighting to get Phillip Jefferson, Lisa Cook, and Lael Brainard nominated and confirmed. We advocated for these candidates because we believe in their ability to steer the Fed in a new direction that will prioritize people over profits and combat the climate crisis.
From rising inflation to climate disruption, the new members of the Federal Reserve Board of Governors have their work cut out for them. But the way they respond to these rising challenges must be through immediate, necessary action on climate — not handouts to the oil and gas industry.
When the climate crisis is being fueled by financial flows to the oil and gas industry, we need the Federal Reserve to begin the work of addressing the most pressing crisis of our time. It’s time that the Federal Reserve take responsibility for its role in escalating the climate crisis and cut off the flow of funds from big banks to fossil fuels.
Thank you for all your work for a Fossil Free Federal Reserve, John. This is a victory for all of us.
Team 350
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PO Box 843004, Boston, MA 02284-3004
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