The Fed Can’t Solve This $2 Trillion Crisis Alone: Mark Gongloff

Climate activists might think they have nothing in common with President Donald “Climate Change Is a Con Job” Trump. But they could bond over at least one favorite pastime: howling at the Federal Reserve.

During a Climate Week panel on housing and insurance in New York last week, investor Dave Burt — who has warned that under-insured catastrophe risks pose what could be a $2.7 trillion threat to the US housing market — urged the central bank to lend a hand. Or at least make it cheaper to lend.

“The Fed should pay attention to the growing climate crisis in ...