Mr. Stiroh’s comments came from the text of remarks prepared for delivery at the GARP Global Risk Forum in New York on Thursday. He spoke as the central bank has been taking increased interest in how a changing climate will affect the economy and the financial system. On Friday, the San Francisco Fed will hold a conference on climate change and economic risks , a first for any part of the central bank. Bank President Mary Daly told reporters on Monday that the central bank needs to understand how climate-change disruptions will affect the economy, payment system and banks, adding “I don’t see that as anything outside of our mission. In fact, I think it’s squarely in our mission and important for us to do that.” Still, climate change is a tricky issue for the Fed. While a disrupted environment and an increase in severe weather has had and […]