Oil Change International
FOR IMMEDIATE RELEASE
Mounting progressive groups demand a reimagined Fed to tackle climate, racial, and economic justice
WASHINGTON, D.C. — Following recent reports about the potential renomination of Jerome Powell as the Chair of the Federal Reserve, national organizations including Oil Change International, 350.org, Climate Hawks Vote, Public Citizen, Rainforest Action Network, Revolving Door Project, and Sierra Club are demanding President Joe Biden appoint as Chair a strong climate leader who will implement policies and rules at the scale needed to address the climate crisis.
Jerome Powell’s tenure ends in February, with reappointment or another nomination to be solidified by January 2022. Biden is expected to make an announcement as early as Labor Day.