Internet reports that the Federal Reserve has disbanded multiple internal climate-related working groups originally designed to help the bank identify and respond to threats to financial stability caused by climate change. Those that were revoked included the Climate Regulatory Commission and the Financial Stability Climate Commission established in early 2021, when the Federal Reserve under the Biden administration began to publicly discuss the impact of global warming and extreme weather on the financial system. Brainard, then Vice Chairman of the Federal Reserve, once said that these two committees are important measures to build "institutional response capabilities and knowledge systems" for climate risks. According to people familiar with the matter, the above-mentioned committee was closed in March this year, and the Economic Activity Climate Committee and the Climate Data Committee also terminated operations during the same period.