Last night I attended a dinner with the Bank's current directors as well as many former members of the Bank's board. Nationally, 278 private citizens – including business people, bankers, nonprofit executives, and community, agricultural and labor leaders – serve on the boards of our 12 Banks and their Branches.
Central bankers and supervisors cannot replace the full range of political actions required to respond to climate change. For example, I would caution that any potential changes to regulatory or prudential frameworks must be justified from a prudential perspective.