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 significance of the independence granted to the agency by Congress?

What actions are being taken by central banks in response to climate change?