US Fed set to join green central banking group

Chair Jerome Powell says bank will ‘probably’ join NGFS ending notable absence from body

Jerome Powell
Jerome Powell

Federal Reserve Chair Jerome Powell has said tackling climate change risk “has to be part of its role” and signalled it is looking into joining the central banking body Network for Greening the Financial System (NGFS).

Speaking at a news conference yesterday, Powell said: “The pub…

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