In testimony before the Senate Banking Committee at a hearing on his nomination for a second term, Jerome Powell, Chair of the Board of Governors of the Federal Reserve System, concluded that the economy no longer needs the highly accommodative policies in place to deal with the pandemic and the aftermath.
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The CFTC Energy and Environmental Markets Advisory Committee recommended the formation of a subcommittee to report back "guiding principles" on the structure of carbon markets.
The OCC named Darrin Benhart as the agency's Climate Change Risk Officer and announced the agency will join the Network of Central Banks and Supervisors for Greening the Financial System.
The Council of Institutional Investors provided the SEC with feedback on its semiannual regulatory agenda with a focus on investor protection, corporate disclosure, and market systems and structure.
Representatives Juan Vargas (D-CA) and co-sponsor Jesús G. Garcia (D-IL) introduced legislation that would update environmental, social and governance disclosure requirements for public companies.