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Fed's Powell: Financial firms should take account of climate change risks
(Voter) Fed's Powell: Financial firms should take account of climate change risks.
— North Africa Trading (@Forexmkts) December 2, 2020
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Chair Powell on the Fed’s statement disagreeing with the move to close the emergency lending programs. “We needed to send a signal to the public” that the Fed isn’t stepping back from helping the economy yet.
— Victoria Guida (@vtg2) December 2, 2020
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"The Secretary has sole authority over CARES Act funds,"
— Jeanna Smialek (@jeannasmialek) December 2, 2020
Powell says, adding that the Fed doesn't have a "role" in reading the law itself.
"We were concerned that the Fed might misinterpret this" as the Fed stepping back. "That's not the case."
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Fed's Powell Q&A: Small businesses "really under pressure" and while light at end of tunnel next yr re vaccines when lose house, can't recover easily. Need help to "cross that bridge." #Powell #coronavirus
— Mace News (@MaceNewsMacro) December 2, 2020
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Fed's Powell Q&A: State and local govt aid is a question for Congress and repeats, major employer with "little more than a million" layoffs. "Worthy place for you to look" where additional aid is "appropriate." #Powell #coronavirus
— Mace News (@MaceNewsMacro) December 2, 2020