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Price Stability Act: Fed to focus solely on prices, not employment

This act changes the Federal Reserve's mandate, removing its responsibility for maximum employment. This means the Fed will now focus exclusively on maintaining stable prices. This could influence decisions on interest rates, potentially affecting loans, savings, and the overall job market.
Key points
The Federal Reserve will have only one goal: maintaining stable prices.
The Fed will no longer be responsible for promoting maximum employment in the economy.
This change may impact monetary policy and interest rate decisions, potentially affecting job availability and living costs.
article Official text account_balance Process page
Introduced
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Additional Information
Print number: 119_HR_5396
Sponsor: Rep. Hill, J. French [R-AR-2]
Process start date: 2025-09-16
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Price Stability Act of 2025

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_5396.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2025-09-16.

What are the main provisions?

Key points include:

  • The Federal Reserve will have only one goal: maintaining stable prices.
  • The Fed will no longer be responsible for promoting maximum employment in the economy.
  • This change may impact monetary policy and interest rate decisions, potentially affecting job availability and living costs.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Hill, J. French [R-AR-2].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

CATEGORIES

Economy