Bill > S3476

This bill, known as the "Fed Forward Act of 2025," aims to update the Federal Reserve Act to reflect modern communication practices and improve transparency and accountability within the Federal Reserve System. It proposes that the Federal Open Market Committee (FOMC), the body responsible for setting monetary policy, meet and release a policy statement and hold a press conference every eight weeks, rather than at least four times a year, to provide public updates on the economy and monetary policy decisions, and that meeting minutes be released within 21 days. Additionally, the bill mandates that the Board of Governors conduct a public review of the Federal Reserve's monetary policy framework every five years and produce a Financial Stability Report every 180 days to assess the resilience of the U.S. financial system. These changes are intended to enhance public understanding of monetary policy, reduce uncertainty, and strengthen the Federal Reserve's credibility in achieving its goals of price stability and maximum employment.

Housing and Urban Affairs

https://www.congress.gov/bill/119th-congress/senate-bill/3476/all-info