The Federal Reserve on Friday announced that it has withdrawn from a global climate change regulation group due to its activities exceeding the scope of the Fed's legal authority.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The U.S. Federal Reserve announced on Friday it had withdrawn from a global body of central banks and regulators devoted to exploring ways to police climate risk in the financial system.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 formally joined the Network of Central ... The Fed’s decision to exit NGFS also comes against a backdrop of Wall Street fleeing climate alliances and groups.