Federal Reserve Unveils Climate Risk Proposal for Big Banks for Public Comment

Federal Reserve Unveils Climate Risk Proposal for Big Banks for Public Comment
The Federal Reserve building in Washington, in a file photo. MDart10/Shutterstock
Nathan Worcester
Updated:
0:00
The Federal Reserve Board of Governors on Dec. 2 invited public comment on proposed principles for managing climate-related risks of banks with $100 billion or more in assets.

Six of the board’s seven members voted in favor of the move. They included Federal Reserve Chair Jerome Powell, who became chair under President Donald J. Trump. Powell was first appointed to the board by President Barack Obama.

Nathan Worcester
Nathan Worcester
Author
Nathan Worcester is an award-winning journalist for The Epoch Times based in Washington, D.C. He frequently covers Capitol Hill, elections, and the ideas that shape our times. He has also written about energy and the environment. Nathan can be reached at [email protected]
twitter
truth
Related Topics