On the recordFebruary 10, 2020
I do think it is incumbent on us to do the research and understand the implications of climate change.
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congress.govI do think it is incumbent on us to do the research and understand the implications of climate change.
Stresses the importance of researching climate change's impact on financial stability.
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More from Jerome Powell
As long as the economy is in solid shape, we think the prudent thing to do is to wait and see what those effects might be.
Overall, while the labor market appears to be in balance, it is a curious kind of balance that results from a marked slowing in both the supply of and demand for workers.
So we didn't overreact — in fact, we didn't react at all. We're simply taking some time.
As long as the U.S. economy is in solid shape, the prudent thing to do is to wait and learn more and see what the effect might be.