The Fed's Signal to the US House Financial Services Committee

Federal Reserve Chief Jerome Powell signaled that the central bank will raise rates twice more this year. The European Central Bank is pushing lenders to test how long they'd last in a bank run as these sector plans for future crises. A survey of EU banks says 87 percent have started modeling how climate change could be a financial shock. Some are wargaming what would happen if the fossil fuels seek to rapidly share value.