The Federal Reserve's statutory framework, established by Congress in 1913, requires affirmative legislation to abolish the Board of Governors and reserve banks, a threshold unmet by any active bill with momentum as of September 2026. Recent developments center on debates over monetary policy independence, including Federal Open Market Committee rate decisions and Supreme Court rulings on removal protections, rather than elimination proposals. A 2025 Senate bill to repeal the Federal Reserve Act advanced no further than committee referral, reflecting limited congressional support amid concerns over economic disruption from ending the central bank's role in monetary base management and financial stability. Trader consensus at 98.2% for no abolition before 2027 aligns with these structural barriers. Low-probability shifts could stem from an unforeseen fiscal crisis prompting emergency congressional action within the narrow remaining window.