WRM

Powell: Fed needs independence to fight inflation, should avoid social policy

STOCKHOLM, Jan 10 (Reuters) – The Federal Reserve’s independence from political influence is key to its ability to fight inflation, but requires it to stay clear of issues like that climate change that go beyond its mandate established by Congress, Fed Chairman Jerome Powell said on Tuesday. . “Restoring price stability when inflation is high …

Powell: Fed needs independence to fight inflation, should avoid social policy Read More »

Florida pulls $2 billion from BlackRock in biggest anti-ESG divestment

Dec 1 (Reuters) – Florida’s chief financial officer said on Thursday his department would withdraw $2 billion from its assets managed by BlackRock Inc (BLK.N), the largest such divestment by a state opposed to the policies environmental, social and corporate aspects of the asset manager. governance policies (ESG). The move will hardly affect BlackRock’s $8 …

Florida pulls $2 billion from BlackRock in biggest anti-ESG divestment Read More »