Central bank must prevent climate change


US Federal Reserve Governor Lael Brainard attends a “Fed Listens” event at the Federal Reserve headquarters in Washington, DC, on October 4, 2019.

Eric Baradat | AFP | Getty Images

Along with all of the other things it must consider, the Federal Reserve needs to take into account climate change when formulating monetary policy, Fed Governor Lael Brainard said Friday.

The issue could have impact on determining the proper level of interest rates and cause systemic financial damage in a way similar to what happened during the financial crisis, the central bank official said during a speech in San Francisco.

“Increasingly, it will be important for the Federal Reserve to take into account the…


New York regulator probes Apple Card algorithms for gender bias after viral tweets

Previous article

Twentysomethings who became millionaires posting on Instagram

Next article

You may also like

Leave a Reply

Notify of

More in Finance