Patrick Toomey actually said...

The siren calls of politically charged endeavors should be ignored, in order to preserve the credibility and independence of the Fed.

Put simply, neither the warming of the Earth's temperature nor severe weather events are a threat to the stability of the financial system.

Congress has provided the Fed with a great deal of independence to isolate it from political influence.

As Larry Summers said last week, there seems to be an overemphasis of certain risks like climate change by central banks.