The Federal Reserve said Friday that it is leaving an international grouping of central banks that focused on how the ...

Citing concerns about going outside its statutory mandate, the Federal Reserve Board of Governors voted to leave the Network of Central Banks and Supervisors for Greening the Financial System.

Five of the Fed's seven governors voted in favor of leaving the network, including Chair Jerome Powell. Governors Michael Barr and Adriana Kugler abstained.

It's the latest sign that U.S. financial regulators will avoid climate-related policies in the second Trump administration.

Powell. Adriana Kugler and Michael S. Barr abstained. Mr. Barr recently announced that he would step down from his role as vice chair for supervision by Feb. 28. The network said it “regrets but ...