Though the weather changes frequently in the middle part of the United States, adverse climate-related changes represent a serious risk to Midwest agriculture and could impair the region’s financial health – especially given the farm sector’s importance in the region.
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David B. Oppedahl
David B. Oppedahl is a policy adviser with the Federal Reserve Bank of Chicago, one of 12 regional Reserve Banks that, along with the Board of Governors in Washington, D.C., make up the nation’s central bank. The Chicago Reserve Bank serves the Seventh Federal Reserve District, which encompasses the northern portions of Illinois and Indiana, southern Wisconsin, the Lower Peninsula of Michigan and the state of Iowa. In addition to participation in the formulation of monetary policy, each Reserve Bank supervises member banks and bank holding companies, provides financial services to depository institutions and the U.S. government, and monitors economic conditions in its district. Visit www.chicagofed.org for more information.
