As the Federal Reserve faces pushback from some Republican lawmakers over its deepening involvement in climate change matters, central bank officials are defending their work related to the environment as a key part of their congressionally mandated mission.
In recent comments, a number of Fed officials, including Chairman Jerome Powell, have consistently said that while broad climate policy is the province of elected officials, it is the Fed’s job as a regulator to ensure banks and other financial firms can navigate climate-related…
