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.

Last progress July 30, 2025 (4 months ago)

Introduced on July 30, 2025 by Bernardo Moreno

This resolution states the Senate’s opinion that the Federal Reserve and its rate‑setting committee should move quickly to lower interest rates. The goal is to boost the economy, create jobs, and make life more affordable for American families and businesses .

It does not set policy on its own. Instead, it urges the Fed to act soon to bring down borrowing costs, which can affect mortgages, car loans, credit cards, and small business financing .

• Who is affected: American families and businesses (through borrowing costs)
• What changes: Calls on the Fed to take steps to lower interest rates
• When: As soon as possible (“immediate steps”)