But has the rapid rise of funds that prioritize environmental, social and governance — or "ESG" — issues actually helped achieve these goals? A crackdown by regulators is forcing the investment community to grapple with these questions, generating uncertainty about the future of Wall Street's ESG fervor. Tesla CEO Elon Musk recently tweeted that ESG "is a scam" that's "been weaponized by phony social justice warriors." What happens next: The Biden team has emphasized that fighting inflation is mostly the Fed's job now. Along with interest rate increases, it's an important tool in the Fed's toolkit to fight price increases while attempting to avert a recession.

Source: CNN June 01, 2022 18:45 UTC