119-hres677

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H. Res. 677 Introduced in House

    (IH) ]

<DOC>

119th CONGRESS
 1st Session
H. RES. 677

Affirming the independence of the Federal Reserve System, its Chairman, 
 and the Board of Governors.

_______________________________________________________________________

 IN THE HOUSE OF REPRESENTATIVES

 September 4, 2025

 Ms. Barragan (for herself, Mr. Lieu, Mrs. Dingell, Mr. Fields, Mr. 
 Thanedar, Mr. Garamendi, Ms. Ansari, Mr. McGovern, Ms. Chu, Ms. Kelly 
 of Illinois, Mr. Pocan, Ms. Craig, Mr. Moskowitz, Mr. Kennedy of New 
 York, Ms. Friedman, Ms. Jayapal, Ms. Pelosi, Mr. Goldman of New York, 
 Mr. Magaziner, Ms. Johnson of Texas, and Mr. Case) submitted the 
following resolution; which was referred to the Committee on Financial 
 Services

_______________________________________________________________________

 RESOLUTION

Affirming the independence of the Federal Reserve System, its Chairman, 
 and the Board of Governors.

Whereas the Federal Reserve System serves as the central bank of the United 
 States, charged with maintaining the stability of the financial system, 
 managing inflation, promoting maximum employment, and ensuring the 
 safety and soundness of the Nation's banking institutions;
Whereas the independence of the Federal Reserve is essential to its ability to 
 make monetary policy decisions based on data, long-term economic 
 analysis, and the best interests of the American people, free from 
 short-term political pressure;
Whereas Chairman Powell and the Board of Governors have acted consistently to 
 uphold the integrity and credibility of the Federal Reserve System;
Whereas the credibility of United States financial leadership depends on the 
 Federal Reserve's ability to make decisions independently, with a clear 
 focus on price stability and the health of the United States economy; 
 and
Whereas attempts by the President to intimidate, override, or remove the Federal 
 Reserve Chair or other members of the Board for political purposes or 
 policy disagreements violate the Federal Reserve Act and undermine 
 global confidence in the United States dollar, financial markets, and 
 the broader economy: Now, therefore, be it
 Resolved, That the House of Representatives--

    (1) affirms its support for the independence of the Federal 
 Reserve System in setting monetary policy and conducting its 
 operations without political interference;

    (2) recognizes and maintains the utmost confidence in 
 Chairman Jerome Powell and the Board of Governors for their 
 continued commitment to data-driven, nonpartisan leadership of 
 the Federal Reserve;

    (3) urges the President and all executive branch officials 
 to respect the statutory independence of the Federal Reserve 
 and refrain from any further action or rhetoric that would 
 compromise its integrity; and

    (4) reaffirms the critical role of the Federal Reserve in 
 maintaining a stable economic system that benefits all 
 Americans, regardless of political affiliation.
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