Brainard promised not dictate lending on Climate Risks, Cramer asked why Dems prefer her not Powell




On 1/13/2022, Senator Kennedy make Brainard to promise to issue a statement not dictating lending on Climate Risks.

Senator Cramer had suspicion and asked Brainard if her policy and Powell is the same, Brainard answered yes, then Cramer asked why Dems prefer Brainard not Powell.

Senator Pat Toomey asked whether Brainard’s support for more climate research and analysis at the central bank was “a precursor to direct capital away from” carbon-intensive industries. “I have not suggested we do stress tests for climate,” Brainard responded. “We would not tell banks which sectors to lend to or not lend to. But we do want to make sure they are measuring, monitoring, their material risks.”

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Brainard promised not dictate lending on Climate Risks, Cramer asked why Dems prefer her not Powell

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