Legislative barriers and minimal congressional momentum explain the near-certain trader consensus against abolition of the Federal Reserve before 2027. The Federal Reserve Board Abolition Act, introduced in March 2025 as companion bills H.R. 1846 and S. 869, remains stalled in committee with limited cosponsors and no floor action. Recent developments center on narrower reforms, including Federal Reserve supervision restructuring and changes to related agency funding, rather than repeal of the Federal Reserve Act. Passage would require majorities in both chambers plus presidential approval within a compressed timeframe, a threshold historical precedent shows is rarely met for structural changes to the central bank. Late-session bill advancement or an unforeseen crisis could still shift probabilities, though both remain low-probability paths.
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