Of course, the whole purpose is to test whether banks are prepared to address perceived risks associated with climate change.
It is very important that Fed decisions on monetary and regulatory policy are entirely free from political interference.
The actual evidence shows that there is no real physical risk. The transition risk, though, is real.
This policy contemplates more mortgages for higher-risk borrowers, repurposing the GSE as instrumentalities of social po...
Last year, Governor Brainard repeatedly insisted that inflation was transitory.
I do not think the data supports the contention. I do not think that is well correlated, that is to say the rate of infl...
Would you commit to going as far as you legally can in moving in the direction of coming out of the conservatorship?
I agree with that.
there are people on the left and in this Administration who want the Fed to become more political
I think that is a very important point.
I wonder if you could comment on the fact that if we had three or even four 25-basis-point increases in overnight rates ...