Fed's Powell: Comments on sever weather risks

Author: Greg Michalowski | Category: Central Banks

Enters the slippery political risks from climate change

Pres. Trump has called  climate change a China hoax in the past, but that is not stopping Fed's Powell to talk to it.

  • Increase severe weather poses some increased risk to expose institutions
  • he believes severe weather is due to climate change
  • Fed requires banks to have planned for severe weather risk
The Fed Chair did not dismiss the impact on the economy of climate change. 
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