Longer-term climate risks do not factor in Fed’s financial stability assessment – Powell

Jerome Powell
Jerome Powell
Fed/Flickr

Climate-related risks currently do not fit into the Federal Reserve’s financial stability assessment framework and the responsibility falls to other government agencies, chairman Jerome Powell says in a letter responding to lawmakers.

Powell does say, however, the central bank is taking steps to improve its understanding of longer-term climate-related risks. 

“The board’s framework provides a systematic way to assess financial stability; however, some potential risks do not fit neatly into

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: