At any rate, for the present, the relationship between the Administration and the Federal Reserve on monetary policy is confined to the President’s making appointments to the Board while the members of the administration and the Board (and especially the Chairman and the Secretary of the Treasury) engage in regular but informal consultations.
The panel stressed the need for global coordination on climate policies. This is the starting point for today’s discussion. This panel will take stock of international climate action and discuss the way forward. Before handing over to our distinguished panelists, let me ask one question: Why are central banks concerned with the climate?