The issue could have impact on determining the proper level of interest rates and cause systemic financial damage, the Fed governor said.
Fed Governor Lael Brainard said the central bank needs to take into consideration climate change when formulating future policy.
US Federal Reserve Governor Lael Brainard attends a "Fed Listens" event at the Federal Reserve headquarters in Washington, DC, on October 4, 2019.
Among the considerations for the Fed would be whether the impact of climate change-related events such as hurricanes, wildfires and floods are temporary or long-lasting. Such assessments could impact where the Fed views the long-run "neutral" interest rate that is neither stimulative nor restrictive to growth.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Youth vaping spiked again in 2019 while the fed played regulatory catch up, FDA report showsMore than 5 million high school and middle school students used e-cigarettes in 2019, up from 3.6 million the year before, despite prevention efforts.
Consulte Mais informação »
September funding crunch a 'seminal moment' for Fed: BlackRock's RiederSeptember's sharp squeeze in money markets was scary but also proved to be ...
Consulte Mais informação »
3 reasons why Fed rate cuts are harmful in long term: David Kelly - Business InsiderThe chief global strategist at JPMorgan Asset Management lays out 3 reasons why the Fed's recent rate cuts could hold the economy back for 10 years — even as investors celebrate
Consulte Mais informação »
Fed up with Forest Service cuts, Mammoth Lakes and other towns are plotting a recreation takeoverIn the shadow of Mt. Whitney, local officials frustrated by U.S. Forest Service budget cuts want to take charge of recreation facilities in the Eastern Sierra. Some conservationists are wary.
Consulte Mais informação »
A 'green interest rate?' Fed digs into climate change economicsIn their deliberations on monetary policy, Federal Reserve policymakers need to ...
Consulte Mais informação »
BOJ's Kuroda: to continue massive monetary stimulus to hit 2% inflationBank of Japan Governor Haruhiko Kuroda said on Thursday that the central bank wo...
Consulte Mais informação »