Fed is lagging ECB, BofE, BoJ on climate action. Fed doesn’t buy a lot of corporate debt in QE -> doesn’t face same dirty asset issue. BUT Fed does buy hundreds of billions of MBS. For net zero they need to be green too. We need “climate conforming” MBS.
“I’m going to be out on the road a lot, making the case” said Biden. “Making the case of what we did do, and what