What Powell’s Interest Rate Comments Mean for Green Investment

On May 1, Federal Reserve Chair Jerome Powell offered a two-part message to eager interest rate watchers. The Fed is unlikely to increase interest rates this year, but policymakers there are also not rushing to cut them from 5.25%-5.5%. “I don’t know how long it’ll take,” Powell said of when the Fed might cut rates.

Interests rate shape markets, and that’s especially true with renewable energy. Clean energy projects typically have high upfront costs...