Fed Readying Financial System for Climate-Change Shocks

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The U.S. central bank is working to improve banks’ resilience amid economic disruptions caused by increasingly extreme weather, Jerome Powell says

The Federal Reserve stands ready to respond to climate-change related weather disruptions to the economy and is working to ensure banks’ resilience from unexpected shocks tied to a warming global environment, Fed Chairman Jerome Powell told Congress in an April letter.

“Although addressing climate change is a responsibility that Congress has entrusted to other agencies, the Federal Reserve does use its authorities and tools to prepare financial institutions for severe weather events,” Mr. Powell wrote in a letter to Sen. Brian...

 

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All that hot air from the trump admin. It’s changing the weather.

You mean that blow hard in the Whitehouse that's causing economic disruptions. Trump's plan to extort trade marks from China to increase his wealth is going to backfire . In the meantime the world economy will be slowed by China in an effort to remove Trump 2020 .

Like Traitor Trump asking for a sea wall for his Scotland resort? Thought it doesn't exist and will never happen.

can we just get rid of the fed?!

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