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Global warming potentially affects US monetary policy, financial stability, US Fed Governor Brainard says

( November 8, 2019, 17:50 GMT | Official Statement) -- MLex Summary: Climate change could affect the US economy and financial system, potentially influencing Federal Reserve deliberations on monetary policy and bank supervision, said Fed Governor Lael Brainard, the sole Democrat on the board of governors. The Fed needs to understand these potential impacts and follow international and domestic discussions, she said. The Fed is the sole major central bank that has not joined the dozens of others at the voluntary Network for Greening the Financial System, which tries to track the impact of global warming on the economy.See document below....

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