San Francisco Fed Rebuffs Toomey Probe Into Climate, Race Work

The Federal Reserve Bank of San Francisco has declined to comply with a document request by Senator Patrick Toomey as part of the Pennsylvania Republican’s investigation into Fed research on topics including climate change and racial justice.

A Senate Banking Committee Republican aide who is familiar with the matter said that instead of providing the full suite of requested documents, the San Francisco Fed had offered to arrange a conversation between its president, Mary Daly, and the senator. The aide spoke on the condition of anonymity because they were not authorized to talk about it with the media.

Toomey, ...