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Waller Says Fed Shouldn’t Let Climate Concerns Distract From Overall Stability Risks
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wsj.comA top Federal Reserve official said that the U.S. central bank shouldn’t put a special focus on climate-change risks in a way that could distract it from other destabilizing forces in the economy.
“Risks are risks, and from a policy-making perspective, the source of a particular shock isn’t as important as building a financial system that is resilient to the range of risks we face,” Federal Reserve governor Christopher J. Waller said Thursday during a conference in Madrid.
“I...
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