At first glance, it may be hard to connect the dots between climate change and Federal Reserve policy. Yet forecasts say that increasing environmental deterioration will have a significant impact on the US economy. In this incisive and accessible synopsis intended for financial professionals and executives, economist Glenn D. Rudebusch lays out the scope of the climate-related risks – including credit exposures, infrastructure damage and supply chain disruptions – that would challenge the Fed’s pursuit of macroeconomic stability.
About the Author
Glenn D. Rudebusch is an executive vice president at the Federal Reserve Bank of San Francisco.