WASHINGTON, May 11 (Reuters) - Federal Reserve Governor
Christopher Waller said that pressing issues like the risk of
bank runs are what worries him when it comes to financial
stability, not slow-moving issues like climate change.
"In March we watched a bank run on Silicon Valley Bank" that
heightened attention to the levels of uninsured deposits at some
institutions, Waller said. "Those are the kinds of things I am
staring at right now. I am not as worried about climate as I am
about things like banks failing because of bank runs."
(Reporting by Howard Schneider; Editing by Chizu Nomiyama)
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