I don’t see a need for special treatment for climaterelated risks in our financial stability monitoring and policies. As policymakers, we must balance the broad set of risks we face, and we have a responsibility to prioritize using evidence and analysis.
Based on what I’ve seen so far, I believe that placing an outsized focus on climate-related risks is not needed, and the Federal Reserve should focus on more near-term and material risks in keeping with our mandate. - 10 I’d be happy to take a few questions. - 11 -  References Acharya, Viral V., Timothy Johnson, Suresh Sundaresan, and Tuomas Tomunen. 2022.