Federal Reserve Governor Waller: climate change does not pose a serious risk to financial stability

[Fed Governor Waller: climate change does not pose a serious risk to Financial Stability] Federal Reserve Governor Waller said that climate change does not pose a serious risk to financial stability; the transition to a low-carbon economy may be "gradual and predictable" and does not pose a risk to banks; climate change risks do not require special measures by the Fed; financial stability is the "core" of the Fed's mission.