Two Democrat senators have launched a last-minute bid to sink the potential renomination of Federal Reserve Chair Jerome Powell for another term due to the Trump-appointed policymaker’s reluctance to use the central bank’s tools to fight climate change. Sens. Sheldon Whitehouse (D-R.I.) and Jeff Merkley (D-Ore.) urged President Joe Biden not to reappoint Powell, saying in a joint Nov. 19 statement that the Fed chief “refuses to recognize climate change as an urgent and systemic economic threat” while criticizing his past statements indicating reluctance for central bank officials to serve as “climate policymakers.” “During his tenure, Chair Powell first ignored climate change and then resisted calls for the Fed to use its tools to fight it, arguing that climate change ‘is really an issue that is assigned to lots of other government agencies, not so much the Fed.’ At a hearing earlier this year, he said: ‘we are not and we …


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