How Jerome Powell Played Biden’s Climate Games While Inflation Ran Rampant
When Trump returned to the Oval Office, the Fed reversed its green agenda.
by Audrey Streb August 12, 2025, 2:21 PM
The Federal Reserve failed to prioritize its core mission to combat inflation while embracing the Biden administration’s green energy agenda, economic and energy policy experts told the Daily Caller News Foundation. [emphasis, links added]
Under Fed Chairman Jerome Powell’s leadership, the Fed joined a global climate change group and took other steps to align with President Joe Biden’s climate agenda while failing to effectively manage primary responsibilities, according to economists and energy policy experts.
Though Powell once told Congress that the Fed is not made of “climate policymakers,” Biden later said that Powell “made clear to him” that the Fed would work to mitigate economic climate risks while inflation reached a 40-year high, according to multiple reports and experts who spoke with the DCNF.
“Right after the most recent presidential election, the Federal Reserve gave up on the whole green energy agenda,” EJ Antoni, chief economist at the Heritage Foundation, told the DCNF. “The Fed ultimately came to the conclusion [under Biden] that lending to fossil fuel projects involved a new level of risk — not because of repayment risk, but because of climate change.”
https://climatechangedispatch.com/jerome-powell-biden-climate-agenda-inflation/
