Fed Joins Climate Network, to Applause From the Left – The New York Times

The Federal Reserve is joining a network of central banks and other financial regulators focused on conducting research and shaping policies to help prepare the financial system for the effects of climate change. The Fed’s board in Washington voted unanimously to become a member of the Network of Central Banks and Supervisors for Greening the…

Biggest banks are still too big to fail: Fed’s Kashkari – MarketWatch

The nation’s biggest banks remain too big to fail and pose significant risk to the economy, said Neel Kashkari in his debut speech as the president of the Minneapolis Fed on Tuesday. “While significant progress has been made to strengthen our financial system, I believe the [Dodd-Frank] Act did not go far enough,” Kashkari said…