Fed will ‘probably’ join green central banking group – Powell
Public has right to expect the Fed to ensure the system is resilient against climate change, says governor
The Federal Reserve is in ongoing discussions to join the Network for Greening the Financial System (NGFS), having been a notable absentee since the group’s inception.
“We have been looking at joining in one form or another and talking to them about that,” governor Jerome Powell said in the January 29 monetary policy decision press conference. “We probably will do that at some point.”
The Fed will be joining more than 50 other central banks and financial regulators who are members of the NGFS
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