IV 
119TH CONGRESS 
1ST SESSION 
H. RES. 677 
Affirming the independence of the Federal Reserve System, its Chairman, 
and the Board of Governors. 
IN THE HOUSE OF REPRESENTATIVES 
SEPTEMBER 4, 2025 
Ms. BARRAGA´N (for herself, Mr. LIEU, Mrs. DINGELL, Mr. FIELDS, Mr. 
THANEDAR, Mr. GARAMENDI, Ms. ANSARI, Mr. MCGOVERN, Ms. CHU, 
Ms. KELLY of Illinois, Mr. POCAN, Ms. CRAIG, Mr. MOSKOWITZ, Mr. 
KENNEDY of New York, Ms. FRIEDMAN, Ms. JAYAPAL, Ms. PELOSI, Mr. 
GOLDMAN of New York, Mr. MAGAZINER, Ms. JOHNSON of Texas, and 
Mr. CASE) submitted the following resolution; which was referred to the 
Committee on Financial Services 
RESOLUTION 
Affirming the independence of the Federal Reserve System, 
its Chairman, and the Board of Governors. 
Whereas the Federal Reserve System serves as the central 
bank of the United States, charged with maintaining the 
stability of the financial system, managing inflation, pro-
moting maximum employment, and ensuring the safety 
and soundness of the Nation’s banking institutions; 
Whereas the independence of the Federal Reserve is essential 
to its ability to make monetary policy decisions based on 
data, long-term economic analysis, and the best interests 
of the American people, free from short-term political 
pressure; 
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•HRES 677 IH 
Whereas Chairman Powell and the Board of Governors have 
acted consistently to uphold the integrity and credibility 
of the Federal Reserve System; 
Whereas the credibility of United States financial leadership 
depends on the Federal Reserve’s ability to make deci-
sions independently, with a clear focus on price stability 
and the health of the United States economy; and 
Whereas attempts by the President to intimidate, override, or 
remove the Federal Reserve Chair or other members of 
the Board for political purposes or policy disagreements 
violate the Federal Reserve Act and undermine global 
confidence in the United States dollar, financial markets, 
and the broader economy: Now, therefore, be it 
Resolved, That the House of Representatives— 
(1) affirms its support for the independence of 
the Federal Reserve System in setting monetary pol-
icy and conducting its operations without political 
interference; 
(2) recognizes and maintains the utmost con-
fidence in Chairman Jerome Powell and the Board 
of Governors for their continued commitment to 
data-driven, nonpartisan leadership of the Federal 
Reserve; 
(3) urges the President and all executive branch 
officials to respect the statutory independence of the 
Federal Reserve and refrain from any further action 
or rhetoric that would compromise its integrity; and 
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(4) reaffirms the critical role of the Federal Re-
serve in maintaining a stable economic system that 
benefits all Americans, regardless of political affili-
ation. 
Æ 
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