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Federal Reserve to rejoin NGFS by end of 2025?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Official announcements from the Federal Reserve or the NGFS
Story
Federal Reserve Withdraws from NGFS Climate Coalition, Five Governors Vote in Favor, Barr and Kugler Dissent
Jan 17, 2025, 06:34 PM
The Federal Reserve has announced its withdrawal from the Network of Central Banks and Supervisors for Greening the Financial System (NGFS), a global coalition focused on climate and transition risks for the financial sector. The decision was made with five governors voting in favor of leaving, while Michael Barr and Adriana Kugler dissented. The Fed cited that the NGFS's broadened scope now falls outside its statutory mandate. The NGFS, launched in 2017, has been a platform for central banks to study climate risk.
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Similar markets
Other • 25%
European Central Bank • 25%
Bank of England • 25%
Bank of Japan • 25%
Rejoin NGFS • 25%
Join a different climate-focused coalition • 25%
No significant change in climate policy stance • 25%
Strengthen internal climate policies independently • 25%
Other • 25%
European Central Bank • 25%
Bank of England • 25%
Bank of Japan • 25%
Internal Disagreements • 25%
Political Pressure • 25%
Scope Beyond Mandate • 25%
Other • 25%
No • 50%
Yes • 50%
No • 50%
Yes • 50%
Predominantly positive • 25%
Predominantly negative • 25%
Mixed reactions • 25%
Largely indifferent • 25%
None • 25%
BIS Green Finance Forum • 25%
UNEP Finance Initiative • 25%
Sustainable Banking Network • 25%