(FILES) The US Federal Reserve in Washington, DC, on September 16, 2024. The Federal Reserve is pulling out of an international climate change initiative, it announced on January 17, 2025, just days before Republican President-elect Donald Trump takes office. The Fed entered the Network of Central Banks and Supervisors for Greening the Financial System, or NGFS, in December 2020, praising it at the time as a place to exchange ideas about the development of environment and climate risk management policies for the financial sector. (Photo by MANDEL NGAN / AFP) (Photo by MANDEL NGAN/AFP via Getty Images)

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