If Ms. Raskin is confirmed, there is going to be an effort at the Fed to start with a climate scenario analysis.
On the recordFebruary 2, 2022
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congress.govEditor's note · Context
Toomey warns about potential Fed actions if Raskin is confirmed, focusing on climate risks.
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Feb 2, 2022
But certainly one of those principles is that the unelected Governors of America's central bank should not be responsible for dealing with difficult issues like global warming, social justice, and education policy.
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A fundamental aspect of a properly functioning democratic society is that important public policy decisions should be made by elected, accountable representatives.
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We are here today, obviously, to consider three Fed nominees. But today's hearing is not just about vetting them. It is really a referendum on the Fed's independence and whether or not we are going to abandon a core part of our democracy.





