Climate Protesters Twice Disrupt Federal Reserve Chair's Speeches in a Month
Climate Defiance Group Demands End to Fossil Fuel Extractions; Protests Infuriate Federal Reserve's Powell's Talks on Inflation, Monetary Policy and the Broader U.S. Economy.
- Federal Reserve Chair Jerome Powell had to be escorted off the stage twice within a month as climate protesters affiliated with the Climate Defiance group interrupted his speeches on monetary policy.
- The first interruption happened three weeks ago in New York when Powell was about to deliver comments on the U.S. economy.
- The second interruption occurred in Washington while Powell was discussing inflation, monetary policy and the broader U.S. economy at the International Monetary Fund's annual research conference.
- The protesters' aim is to put an end to fossil fuel extractions on federal lands and waters, arguing that the Fed's inaction on climate change poses risks of economic disaster.
- Despite the interruptions, Powell carried on with his speech discussing ongoing inflationary pressures in the U.S. economy and hinted at further tightening of monetary policy if necessary.