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Ecology Action Centre calls for immediate implementation of Coastal Protection Act | SaltWireNEW YORK - Early next month, the Federal Reserve Bank of New York will take on what has become something of a fraught subject for the central bank: climate change.
The New York Fed said the reports, which it will release through Nov. 20, consider flood and hurricane risks, extreme weather impacts on small businesses and disadvantaged communities, and on how businesses are adapting to this landscape. Some in Congress have seen the Fed’s climate work as a sign of a politicized central bank. Some academics even argued there's been a measurable increase in Fed research tackling environmental, social justice and economic inequality issues, as opposed to more traditional focuses on things like inflation dynamics.
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