In recent statements, Federal Reserve Chair Jerome Powell emphasized the Fed's stance on climate change policy. Speaking at Stanford, Powell clarified that while the Fed acknowledges the financial risks banks might face due to climate change, it does not intend to act as a climate policymaker. He stressed the importance of the Fed's role as a bank supervisor, which may involve addressing climate-related financial risks, but reiterated the need to avoid 'mission creep' in climate change policy. Powell's remarks underscore the Fed's commitment to resisting pressure to pursue climate goals beyond its mandate.