Affirming the independence of the Federal Reserve System, its Chairman, and the Board of Governors.
H. Res. 677 is a non-binding House resolution introduced on September 4, 2025, affirming the independence of the Federal Reserve System, including its Chair and Board of Governors. The resolution emphasizes that monetary policy should be made based on data, long-term economic analysis, and the best interests of the American people, free from short-term political pressure. It commends Chair Jerome Powell and the Board for their data-driven leadership, urges the President and executive branch officials to respect the Fed’s statutory independence, and notes that political interference or attempts to intimidate or remove the Fed leadership would violate the Federal Reserve Act and undermine global confidence in the U.S. dollar and financial markets. The measure is a symbolic statement of support and does not modify law or the Fed’s powers.
Key Points
- 1Reaffirms the independence of the Federal Reserve System, including its Chair and Board, in setting monetary policy and conducting operations without political interference.
- 2Recognizes and expresses confidence in Chairman Jerome Powell and the Board for data-driven, nonpartisan leadership.
- 3Urges the President and all executive branch officials to respect the Fed’s statutory independence and refrain from actions or rhetoric that would compromise its integrity.
- 4States that attempts by the President to intimidate, override, or remove the Fed Chair or other Board members for political purposes or policy disagreements would violate the Federal Reserve Act and undermine global confidence.
- 5Reaffirms the Fed’s critical role in maintaining price stability, a healthy economy, and overall economic security for all Americans, regardless of political affiliation.