The central bank has halted hiring to align with a White House directive and pulled back its work on climate change.
Six major U.S. banks won't be required to make submissions for the Fed's Climate Scenario Analysis Exercise because that program's been shut down, sources say.
The Federal Reserve announced that it has withdrawn from the Network of Central Banks and Supervisors for Greening the Financial System, which incorporated climate risk into financial rules.
U.S. employers added just 143,000 jobs last month, but the jobless rate slipped to 4% to start 2025 and the government ...
The recent Los Angeles wildfires are only the latest reminder that banks need to steel themselves against climate change both ...
Buyers are backing away from increasingly uninsurable homes, and homeowners are struggling to keep up with rising monthly ...
WASHINGTON, Jan 17 (Reuters) - The U.S. Federal Reserve announced on Friday it ... who is critical of efforts by governments to prescribe climate change policies, is set to take office.
With DEI on its way out, perhaps the Fed can stop pretending to save us from climate change.
The U.S. Treasury on Thursday said it was withdrawing from the network of central banks and regulators focused on curbing ...
The Federal Reserve told six major U.S. banks they won't need to submit results from climate stress tests this year as the program was shut, according to a media report. In 2023, the central bank, ...
Climate change deniers are experiencing a renaissance, especially on social media. In concert with this upswing in denialism, ...
Trump has long distanced himself from the controversial policy blueprint Project 2025, but is still taking steps that reflect ...