For example, FOMC postmeeting statements have included forward policy guidance since December 2008, and the most recent statements have reflected the FOMC’s anticipation that exceptionally low levels of the federal funds rate are likely to be warranted “for an extended period,” contingent on economic conditions.
Second, I want to point out the great importance of any financial institution which is not already doing so, to incorporate in the DNA of their financial risk management, the physical and transition risks related to climate change, and even broader to environmental change, biodiversity change, SDG-related change.