Federal Reserve says it will leave climate change organization
- The Federal Reserve is withdrawing from the network of central banks and supervisors for greening the financial system, as announced on January 17, 2025.
- The Federal Reserve entered the NGFS in December 2020 to exchange ideas on environmental and climate risk management policies.
- The Federal Reserve stated it is leaving because the NGFS's scope has broadened beyond its statutory mandate.
- Fed Chair Jerome Powell emphasized that climate change policies are the responsibility of elected officials and not the Federal Reserve.
Insights by Ground AI
Does this summary seem wrong?
Coverage Details
Total News Sources0
Leaning Left6Leaning Right4Center0Last UpdatedBias Distribution60% Left
Bias Distribution
- 60% of the sources lean Left
60% Left
L 60%
R 40%
Factuality
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage