To amend the Federal Reserve Act to remove the mandate on the Board of Governors of the Federal Reserve System and the Federal Open Market Committee to focus on maximum employment.
Focusing the Fed on the Currency of the United States Act of 2017 or the FFOCUS Act of 2017
This bill amends the Federal Reserve Act to remove "maximum employment" as a goal of the Federal Reserve Board's duty to maintain long-run growth. The other goals, under current law, are stable prices and moderate long-term interest rates.
Placed on the Union Calendar, Calendar No. 883.
Introduced in House
Introduced in House
Referred to the House Committee on Financial Services.
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