Politics
Yellen Puts Climate on First Financial-Stability Meeting Agenda
- FSOC to hold its debut gathering under Biden administration
- Hedge funds and mutual funds also to be discussed in private
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Treasury Secretary Janet Yellen will preside over her first meeting as head of the Financial Stability Oversight Council on March 31, with climate change on the agenda of the cross-agency body’s initial gathering under the Biden administration.
The public portion of the agenda includes “climate change and its potential impacts on financial stability,” according to a Treasury statement on Wednesday. The private part of the gathering will address “hedge fund activity and open-end mutual fund performance during the Covid-19 crisis,” the Treasury said.