Q&A continues: Q: Is climate change a...........>

FED: Q&A continues:

Q: Is climate change a systematic risk? Why hasn't Fed signed up to Greening of

Financial System, as other cenbanks?

- A: If you look at our mandate, we share overall financial stability with other

agencies. Need to ensure financial system is resilient against climate change.

We're in the early stages of understanding what that means; has to be part of

our role, but not the overall response of society to climate change. Re Greening

etc, we are at meetings, taking part in them.

Q: When will investment pick up post- USMCA / Phase One trade deal?

- A: Positive developments in past few months. But trade policy uncertainty

remains elevated, businesses identify it. Still 2 / 3 trade negotiations going

on in the public sphere, so it hasn't gone away as a risk. Still a wait-and-see

attitude. We need to be a little bit patient.