Federal Reserve Governor: Climate Change Doesn’t Pose ‘Material’ Risk to US

Federal Reserve Governor: Climate Change Doesn’t Pose ‘Material’ Risk to US
Federal Reserve governors Michelle Bowman and Christopher Waller (R) pose for a photo, during a break at a conference on monetary policy at Stanford University's Hoover Institution, in Palo Alto, Calif., on May 6, 2022. Ann Saphir/Reuters
Jack Phillips
Jack Phillips
Breaking News Reporter
|Updated:
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Federal Reserve Gov. Christopher Waller said that climate change does not present a “sufficiently unique” risk to the U.S. financial system.

Regarding climate change, or the theory that the Earth’s temperatures are warming due to human activity, “I do not believe it poses a serious risk to the safety and soundness of large banks or the financial stability of the United States,” Waller said in a conference in Spain on Thursday.
Jack Phillips
Jack Phillips
Breaking News Reporter
Jack Phillips is a breaking news reporter who covers a range of topics, including politics, U.S., and health news. A father of two, Jack grew up in California's Central Valley. Follow him on X: https://twitter.com/jackphillips5
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