The stalled progress of the Federal Reserve Board Abolition Act (H.R. 1846/S. 869), referred to committee without advancement since its 2025 introduction, anchors the 97.3% market-implied probability that the Fed will not be abolished by December 31, 2026. Traders price in the central bank’s statutory foundation under the 1913 Federal Reserve Act, its entrenched role in setting the federal funds rate, managing inflation data, and responding to labor market conditions, and the multi-step bicameral process required for repeal. Recent FOMC communications and 2026 stress-test proposals further signal operational continuity. Tail-risk scenarios, such as an acute financial crisis or sweeping political realignment capable of overriding precedent before year-end, remain low-probability events given the compressed timeline and absence of broader congressional support.