Recently, the U.S. Congress proposed a new bill aimed at reshaping the functions of the Fed, sparking widespread discussion about the future direction of this important Financial Institution. This proposal, titled the "2025 Price Stability Act," is led by Republican members of the House of Representatives, and its core objective is to redefine the mission of the Fed.

The main proponent of the bill, House Financial Services Committee Chairman Hill, stated that for a long time, the Fed has struggled to balance multiple objectives. He emphasized that it is now time for the Fed to return to a clear single goal: to protect the economic interests of the American people by effectively curbing inflation.

If this bill ultimately passes, it will mark a significant shift in the responsibilities of the Fed. Traditionally, the Fed has had a dual mandate of stabilizing prices and promoting full employment. However, the new bill advocates for focusing the Fed's efforts on controlling inflation, which could have far-reaching implications for U.S. monetary policy.

This proposal has sparked intense discussions between economists and policymakers. Supporters argue that focusing on inflation control will help maintain the purchasing power of the dollar and protect consumer interests. Critics, on the other hand, worry that abandoning the employment target may lead to neglect of economic growth and the job market.

Regardless of the final outcome, the introduction of this bill undoubtedly reflects policymakers' concerns about the current economic situation and a rethinking of the Fed's role. Against the backdrop of increasing uncertainty in the global economy, the Fed's policy direction will continue to be closely monitored.