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Powell Says Fed Takes Into Account Climate Risk

FED

Q: What are you doing on climate change in finance regulation?

- A: We will account for all material risks and try to protect the economy and the public from those risks...climate change is one of those risks...these tend to be longer-term risks, but the longer-term does arrive over time... we take it as our obligation to understand these risks and incorporate them into the way we supervise and think about the overall financial system and economy.

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