Federal Reserve disbands climate group studying financial stability risks
The Federal Reserve has disbanded several internal climate-related working groups that were originally intended to help the bank identify and address financial stability threats posed by climate change. The disbanded groups include the Supervision Climate Committee and the Financial Stability Climate Committee, both established in early 2021 when the Federal Reserve under the Biden administration began publicly discussing the impact of global warming and extreme weather on the financial system. Then-Federal Reserve Vice Chair Lael Brainard stated that these two committees were important initiatives for building the institution's capacity and knowledge system to respond to climate risks. According to informed sources, these committees were closed in March of this year, along with the termination of the Economic Activity Climate Committee and the Climate Data Committee.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Data: Whales Have Purchased Over 20,000 Bitcoins in the Past 48 Hours
The probability of the Federal Reserve keeping rates unchanged in June is 96.2%
Trending news
MoreCrypto prices
More








