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Fed's Waller Drops Bombshell: 'Climate Change Risks Not Material To US'
[ZeroHedge] This will not go down well with the climate alarmists and ESG grifters...No lesser mortal than Fed Governor Christopher Waller has dared to proclaim that climate change does not pose such "significantly unique or material" financial stability risks that the Federal Reserve should treat it separately in its supervision of the financial system. "Climate change is real, but 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 remarks prepared for delivery to an economic conference in Spain. His comments echo Chair Powell's more conservative attitude towards The Fed's responsibility for climate issues than its counterparts in Europe, who previously said that the U.S. central bank was not a climate policymaker and would not steer capital or investment away from the fossil fuel industry, for example. So presumably this means The Fed does not believe the world will end within a decade in a devastating flood and fireball? Posted by: Skidmark 2023-05-13 |
| http://www.rantburg.com/poparticle.php?ID=666939 |