Bill > HR5396

This bill proposes to modify the Federal Reserve Act by removing the mandate for the Board of Governors of the Federal Reserve System and the Federal Open Market Committee (FOMC) to focus on maximum employment. Currently, the Federal Reserve has a dual mandate that requires it to pursue both maximum employment and stable prices, but this legislation would narrow the mandate to focus solely on maintaining stable prices. By eliminating the employment aspect of the mandate, the bill suggests a shift in the central bank's primary economic objective, potentially prioritizing price stability over job market considerations. The bill, titled the "Price Stability Act of 2025," would accomplish this by simply striking the words "maximum employment" from the existing law, leaving "stable prices" as the Federal Reserve's key directive. This change could have significant implications for monetary policy, potentially influencing how the Federal Reserve makes decisions about interest rates and other economic interventions.

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https://www.congress.gov/bill/119th-congress/house-bill/5396/all-info