Patrick Toomey actually said...

Would you agree that if regional Fed banks engage in partisan advocacy masquerading as research, that advocacy would harm the Fed's credibil...

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

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

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