Sen. Patrick Toomey is taking aim at the Federal Reserve, expressing concern in a letter Monday about the central bank's foray into social issues such as climate change, race and health insurance.
In its bi-annual 'Financial Stability Report' published Monday, the U.S. Federal Reserve for the first time acknowledged the economic volatility risks associated with a warming planet.
As the effects of climate change grow increasingly evident across the world, Federal Reserve officials are signaling fresh concerns about the dangers that extreme weather poses to the economy and to the financial system.
