Shitstain Fed Nominee Doesn't Think Central Bank Should Study Impact Of Climate Collapse On Economy

President Trump's pick for the Federal Reserve Board doesn't think the central bank should examine the economic effects of climate change. Stephen Moore, a senior fellow at the Heritage Foundation, told E&E News in a brief interview yesterday that the Fed should not consider the risks that rising temperatures could have on the economy because it was not tasked with addressing environmental policy.

"The Fed's job is to keep prices stable; that's all it is. It's not to get involved in political and policy issues," Moore said. "It's to maintain a stable price system with high employment." Moore's nomination comes as calls rise within the Fed to consider the economic effects of climate change. Chairman Jerome Powell, who Moore has called on to resign, told lawmakers earlier this year that he was looking into how the Fed should incorporate climate change into its planning.

Moore has a long history of rejecting climate science and recently claimed that scientists were motivated to make global warming seem risky because it could help them obtain research funding. Yesterday, he said addressing climate change is an issue for EPA, not the Fed.

"The Fed doesn't have scientists on board; it has economists, not scientists," he said. "I don't think the Fed should be involved in environmental issues; I think the Fed should be establishing high employment, stable price system. It doesn't get involved in legislation."

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https://www.eenews.net/stories/1060149871