Policies & Impacts

House Republicans Introduce Bill to Change Federal Reserve’s Dual Mandate

Newest legislative proposal comes as scores of administration officials suggest reviewing the U.S. central bank.
House Republicans Introduce Bill to Change Federal Reserve’s Dual Mandate
The Federal Reserve Bank in Washington on Jan. 14, 2025. Madalina Vasiliu/The Epoch Times
Andrew Moran
&
Nathan Worcester
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Reforms may be on the horizon for the Federal Reserve System, as a new bill aims to alter the U.S. central bank’s dual mandate.

House Republicans, led by House Committee on Financial Services Chairman French Hill (R-Ark.), introduced the Price Stability Act of 2025, a bill that would end the twin mandate, ensuring the Federal Reserve concentrates primarily on containing inflation.
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."