The Financial Stability Mandate Act is a federal bill that aims to enhance financial stability by requiring the Federal Reserve to prioritize full employment and moderate long-term interest rates alongside its existing mandate of price stability. This bill seeks to ensure the Federal Reserve considers broader economic goals when making monetary policy decisions. By expanding the Fed's mandate, it could potentially lead to a more balanced approach in managing the economy and promoting sustainable growth.
2023-03-17: Introduced in House
2023-03-17: Referred to the House Committee on Financial Services.
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