The U.S. Federal Reserve announced on Friday it had withdrawn from a global body of central banks and regulators devoted to exploring ways to police climate risk in the financial system.

The Federal Reserve on Friday announced that it has withdrawn from a global climate change regulation group due to its activities exceeding the scope of the Fed's legal authority. The Fed exited ...

The Federal Reserve is withdrawing from an environmental group for global central bankers. The Fed joined the group, the Network of Central Banks and Supervisors for Greening the Financial System ...

The U.S. Federal Reserve made headlines yesterday by announcing its withdrawal from the Network of Central Banks and Supervisors for Greening the Financial System (NGFS). This international ...

The Federal Reserve announced Friday that it was withdrawing from a global climate change group, the latest indication that U.S. financial regulators will avoid climate-related policies heading ...

Still, the move does not represent a major departure for the Fed. Although Fed Chair Jerome Powell described climate change as "an emerging risk" to banks in 2020, in recent years he has maintained ...

The Federal Reserve on Friday announced that it has withdrawn from a global climate change regulation group due to its activities exceeding the scope of the Fed's legal authority. The Fed exited ...