Climate on agenda as Biden prepares to meet with top financial regulators
White House officials said Treasury Secretary Janet Yellen, Federal Reserve Chair Jerome Powell, acting Comptroller of the Currency Michael Hsu, as well as the heads of the Commodity Futures Trading Commission, Securities and Exchange Commission, and the Consumer Financial Protection Bureau, would be among those participating in the meeting.
The meeting marks Biden’s first face-to-face encounter with many of the leading federal regulators of the banking industry and financial markets, including Powell. The Fed chief was appointed by former President Donald Trump.
Biden is seeking to use trillions of dollars in government spending to prod a strong rebound from the coronavirus-triggered recession that put millions of Americans out of work.
A nearly 12% gain in the S&P 500 stock index this year has helped fuel hopes of a strong recovery, but…