H.R. 5396United StatesLikely stalled

Removes Fed's mandate to promote maximum employment

Changing the Fed’s statutory goals can shift monetary policy priorities, affecting inflation, interest rates, jobs, and everyday economic conditions.

What it does

Removes the phrase “maximum employment” from the Federal Reserve’s statutory mandate and leaves only “stable prices.”

Amends Section 2A of the Federal Reserve Act (codified at 12 U.S.C. 225a) to reflect the single goal.

Does not add other instructions, targets, or implementation steps — it only changes the statutory language.

Argument forFocusing the Fed on a single, clear statutory goal of price stability could improve clarity and accountability for monetary policy decisions.

Argument againstRemoving employment from the Fed’s statutory goals could reduce attention to job growth and allow policies that prioritize price targets over labor market health.

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Tell your reps

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Removes Fed's mandate to promote maximum employment

Changing the Fed’s statutory goals can shift monetary policy priorities, affecting inflation, interest rates, jobs, and everyday economic conditions.

What it does

Removes the phrase “maximum employment” from the Federal Reserve’s statutory mandate and leaves only “stable prices.”

Amends Section 2A of the Federal Reserve Act (codified at 12 U.S.C. 225a) to reflect the single goal.

Does not add other instructions, targets, or implementation steps — it only changes the statutory language.

Argument forFocusing the Fed on a single, clear statutory goal of price stability could improve clarity and accountability for monetary policy decisions.

Argument againstRemoving employment from the Fed’s statutory goals could reduce attention to job growth and allow policies that prioritize price targets over labor market health.

Where do you stand?

Tell your reps

Take a position to see your representatives and ways to contact them.

Removes Fed's mandate to promote maximum employment

What it does

Where do you stand?

Tell your reps

More on this bill

Where it stands

Looking ahead

History

Removes Fed's mandate to promote maximum employment

What it does

Where do you stand?

Tell your reps

More on this bill

Where it stands

Looking ahead

History

What it does

Where do you stand?

Choose your position

Tell your reps

More on this bill

Where it stands

Looking ahead

History

What it does

Where do you stand?

Choose your position

Tell your reps

More on this bill

Where it stands

Looking ahead

History