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Christian Lundblad: Climate change mitigation is vital–but it’s not part of the Fed’s mandate

Rather than continually trying to outsource its job, Congress should be leading the charge against climate change through legislation.

Federal Reserve climate policy influence

Climate change a rising Fed concern as nominees face hearing

How far the Federal Reserve can go to compel banks to consider the consequences of climate change in their lending policies could take center stage at a Senate hearing Thursday on the nominations of Sarah Bloom Raskin and two economists to the Fed’s influential Board of Governors.

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