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U.S. House Committee Proposes Bill to Remove Federal Reserve Dual Mandate, Focus Solely on Price Stability

2026-05-14 00:30:48

According to Federal Reserve commentator Nick Timiraos, the House Financial Services Committee is reviewing legislation to amend the Federal Reserve Act by removing the Federal Reserve's dual mandate of maximizing employment and stabilizing prices, leaving only price stability as the central bank's focus. The bill would revise Section 2A of the Federal Reserve Act (U.S. Code Title 12, Section 225a) by deleting the employment maximization objective.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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