Joseph Wang left his job at the Federal Reserve Bank of New York, he came across an odd new research paper from his former employer. Wang had been a senior trader on the Open Market Trading Desk, carrying out the Fed’s monetary policy. In his five years there, the usual Fed research covered topics like inflation, labor markets, and bank capital. This paper, though, was titled “800,000 Years of Climate Risk.”“I thought that was very strange,” Wang recalled. “The Fed writing about CO2 concentrations."
The article lists other areas where the Fed seems to have branched from economics to leftist activism. Perhaps a bit more adult supervision is in order.
No comments:
Post a Comment