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Fed Gets GOP Rebuke On Climate; FOMC Meets Next Week

It was a relatively quiet week for the Federal Reserve. Members of the House GOP sent a letter that was considered “a shot over the bow” to the Fed for its recent inclusion of climate change in the Financial Stability Report. The Fed has also requested admission into a group of international central banks and regulators called the Network for Greening The Financial System (NGFS).

Since the Financial Stability Report is directly connected to the annual Supervisory Stress Test scenarios, the le...

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