Affirming the independence of the Federal Reserve System, its Chairman, and the Board of Governors.

This resolution (HRES 677) is a formal statement by the House of Representatives affirming the Federal Reserve's independence from political influence. It specifically supports Chairman Jerome Powell and the Board of Governors in making monetary policy decisions based on economic data, not political pressure. The resolution urges the President and executive branch to respect the Fed's statutory independence and avoid actions or rhetoric that could undermine its credibility. It emphasizes that maintaining this independence is critical for economic stability, price control, and global confidence in U.S. financial markets.