Climate Risk and the Fed: Preparing for an Uncertain Certainty
Abstract: While the severity and scope of a changing climate remains unclear, the consensus is that it poses a significant risk to the global economy and financial system. As monetary policymakers, the Fed’s job is to navigate this uncertainty by anticipating the potential changes and understanding their implications. The following is adapted from remarks by the president of the Federal Reserve Bank of San Francisco to the Peterson Institute for International Economics on June 22.
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Provider: Federal Reserve Bank of San Francisco
Part of Series: FRBSF Economic Letter
Publication Date: 2021-06-28
Note: This FRBSF Economic Letter is adapted from remarks by President Mary C. Daly, Federal Reserve Bank of San Francisco, to the Peterson Institute for International Economics, June 22, 2021.