Stay updated with breaking news from Glenn rudebusch. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The U.S. Federal Reserve is beginning to incorporate the impacts of global warming into its regulatory writ, following in the footsteps of its global peers, according to a paper published Monday by the San Francisco Fed. ....
Strengthening The Financial System To Meet The Challenge Of Climate Change, Federal Reserve Governor Lael Brainard At The Financial System & Climate Change: A Regulatory Imperative Hosted By The Center For American Progress, Washington, D.C. Date 18/12/2020 I want to thank the Center for American Progress for inviting me to join you in discussing climate change and the U.S. financial system.1 Let me start by noting these are my own views and do not necessarily reflect those of the Federal Reserve Board or the Federal Open Market Committee. Climate change and the transition to a sustainable economy have important implications for the financial system. The financial system can be a powerful enabler to help the private sector manage climate-related risks and invest in the transition. It is vitally important to strengthen the U.S. financial system to meet the challenge of climate change. ....