Jerome Powell, Chairman of the Board of Governors of the Federal Reserve System, make a speech in the European Central Bank Forum on Central Banking.
Key statements
“The Fed has a contribution to make on climate change.”
“The public has a right to expect the Fed to ensure that the financial system is resilient to the risks of climate change.
“We are working on how to incorporate the risk of climate change into everything we do.”
“The work on climate change stems from government mandates.”
“The biggest fear is the risk of long-term damage to productive capacity.”
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Credits: Forex Street
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