A resolution expressing the sense of the Senate that the Board of Governors of the Federal Reserve System and the Federal Open Market Committee should take immediate steps to lower interest rates to support economic growth, job creation, and affordability for American families and businesses.

This is a Senate resolution (S. Res. 347) introduced in the 119th Congress by Senator Moreno. It is a non-binding expression of the Senate’s sense that the Board of Governors of the Federal Reserve System and the Federal Open Market Committee should immediately take steps to lower interest rates, with a focus on reducing the federal funds rate, to support economic growth, job creation, and affordability for American families and businesses. The resolution frames high interest rates as a barrier to affordable credit and growth, notes the Fed’s independence and dual mandate (maximum employment and stable prices), and cites arguments attributed to President Trump about current rate levels. As a resolution, it does not itself change law or bind the Fed, but it signals congressional opinion and guidance on monetary policy.