Fed Will Move Carefully, Thoughtfully on Climate Change

The video discusses the impact of climate change on the agency's work, emphasizing its non-political nature and independence granted by Congress. It highlights the agency's role in ensuring financial stability and the emerging risks posed by climate change. The agency collaborates with other central banks to share research and best practices in addressing these risks.

What is the primary focus of the agency when addressing climate change?

• Engagement with political parties

• Engagement with private corporations

• Engagement with external constituencies

• Engagement with international organizations

Why does the agency have a limited role in climate change issues?

• It is focused on international policies

• It lacks the necessary expertise

• It is a newly established agency

• It is not directly assigned by Congress

What is one of the agency's responsibilities related to financial institutions?

• To provide loans to banks

• To set interest rates

• To regulate and supervise banks

• To invest in financial markets

How is climate change categorized in relation to financial institutions?

• As a negligible risk

• As an emerging risk

• As a historical risk

• As a resolved risk

What collaborative effort is mentioned in addressing climate change risks?

• Partnership with private banks

• Joining 83 central banks

• Formation of a new agency

• Collaboration with environmental NGOs