The Woke Fed

The Fed is going Woke. Instead of concentrating on money supply and interest rates they are looking at things like climate change and equity. They are listening to Biden who has ordered the Financial Stability Oversight Council to prepare a report on how the financial system can mitigate the risks related to climate change. My guess is that the Fed people know even less science than the congress people and so will continue to believe that the solution is to replace fossil fuel with wind and solar.