Lucas delivered an opening statement outlining key issues.
03/21/2017
https://congress.gov...
Climate change poses a major risk to the stability of the U.S. financial system.
Unfortunately, both of the proposals from the Federal Reserve will drive up the cost of hedging for end users.
Such an argument doesn't fully contemplate the extent of the possible abuse that could come from regulators or political...
This would create significant problems, I think, across the entire financial markets.