The Federal Reserve's statutory independence under the Federal Reserve Act, combined with its central role in conducting monetary policy, managing the Fed funds rate, and providing lender-of-last-resort functions, underpins the 96.4% market-implied probability that it will not be abolished before 2027. No credible legislative proposals or congressional momentum exist to dismantle the central bank, as both major parties recognize its importance for financial stability and inflation control amid ongoing economic data releases. Historical precedent shows repeated affirmations of Fed autonomy, with only fringe calls for reform rather than outright elimination. While tail risks such as an unprecedented political realignment or systemic crisis could theoretically prompt radical changes, these remain remote given entrenched institutional safeguards and the absence of viable alternatives for managing Treasury yields and economic cycles.