Federal Reserve Doesn’t Think Banks Should Assess Climate Risk

While acknowledging the risks that climate change poses,Federal Reserve Governor Christopher Waller, a Trump appointee, remarked that catastrophic events like hurricanes and floods don’t generally reverberate across the U.S. economy.“Climate change is real, but I do not believe it poses a serious risk to the safety and soundness of large banks or the financial stability … Continued

The post Federal Reserve Doesn’t Think Banks Should Assess Climate Risk appeared first on Nexus Media News.