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Dem Rep. Casten Tries to Force Fed Chair Powell to Say that ‘Climate Change Presents a Threat to U.S. Financial Stability’

‘I know we have a difference of opinion I don’t want to go into that, but is the Fed monitoring what is happening to our financial system as those insurers pull out, as insurance rates go up?
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    EXCERPT:

    CASTEN: “When you were here in July, I asked you this question, I just want to confirm that you still feel the same way. Is it still your view — of the Federal Reserve — that climate change constitutes an emerging threat to U.S. financial stability?”
    Powell: “I guess I would say it this way. I wouldn’t say that climate change is currently a threat to U.S. financial stability.”
    CASTEN: “An — and emerging threat.”
    Powell: “I would say that it may emerge over time as such.”