{"id":213027,"date":"2025-10-10T00:30:07","date_gmt":"2025-10-10T00:30:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/213027\/"},"modified":"2025-10-10T00:30:07","modified_gmt":"2025-10-10T00:30:07","slug":"ex-fed-official-sees-secular-shocks-ahead-from-extreme-weather","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/213027\/","title":{"rendered":"Ex-Fed Official Sees Secular \u2018Shocks\u2019 Ahead From Extreme Weather"},"content":{"rendered":"<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody__3UcBa\" data-component=\"paragraph\">The Federal Reserve\u2019s former top-ranking official overseeing climate risk says the US economy faces a series of long-term, structural shocks as a result of increasingly extreme weather patterns.<\/p>\n<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody__3UcBa\" data-component=\"paragraph\">Kevin Stiroh, who left the Fed earlier this year after it <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-05-28\/fed-disbands-climate-groups-studying-financial-stability-risks\" target=\"_blank\" rel=\"noopener nofollow\" class=\"media-ui-Link_link-tVkXhPLPofs-\" data-component=\"link\">wound down<\/a> large parts of its work on monitoring how global warming is impacting financial stability, said banks should expect to see the fallout \u201cmaterialize\u201d in balance sheets and income statements. <\/p>\n","protected":false},"excerpt":{"rendered":"The Federal Reserve\u2019s former top-ranking official overseeing climate risk says the US economy faces a series of long-term,&hellip;\n","protected":false},"author":2,"featured_media":213028,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[28,2356,4253,102,110,101,10988,121211,2800,6733,2854,121210,2256,44059],"class_list":["post-213027","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-california","tag-climate-change","tag-donald-john-trump","tag-economics","tag-economy","tag-european-central-bank","tag-extreme-sas","tag-federal-reserve","tag-global-warming","tag-green","tag-kevin-j-stiroh","tag-north-carolina","tag-risk-management"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/213027","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=213027"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/213027\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/213028"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=213027"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=213027"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=213027"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}