2. The Fed takes on climate and race

Photo illustration of images of a huge fire and a mural of George Floyd.
Photo illustration: Aïda Amer. Photos: Robert Gauthier (Los Angeles Times), Stephen Maturen/Getty Images

Historically untouchable issues — like climate change and race — are now on the table for the Federal Reserve, as it wades further into uncharted territory.

Why it matters: The about-face has implications for how one of the world’s most influential economic bodies steers policy and regulates the nation's banks.

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