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

This measure is a formal statement that supports the independence of the Federal Reserve, its Chair, and its Board of Governors. It says they should be able to do their work without outside pressure. It is an affirmation, not a detailed policy plan or program.

• Key points
  • Who is affected: The Federal Reserve System, its Chair, and Board of Governors.
  • What changes: It affirms their independence; no specific new actions or programs are described in the text shown.
  • When: Timing is not specified in the text shown.