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119-s-3476119th CongressWALLET
Fed Forward Act of 2025
Sponsored By: Senator Gallego, Ruben [D-AZ]
Introduced
Summary
Increased regular public transparency and accountability for the Federal Reserve. This bill would require a faster, predictable cadence of public communications and set recurring reviews of the Fed's monetary policy framework and financial resilience.
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- Markets and households would get clearer, more frequent Fed signals. The Fed would be required to communicate publicly once every 8 weeks or more often, hold a press conference on each meeting day, and release meeting minutes within 21 days.
- Policymakers and analysts would get a public review of the monetary policy framework every 5 years. The Board would examine strategy, tools, and communications during each review.
- Banks, investors, and the public would receive a Financial Stability Report every 180 days that summarizes the framework for assessing resilience and presents the Board's current assessment.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
More transparency at the Federal Reserve
This bill would require the Federal Reserve to communicate publicly about policy once every 8 weeks or more often. On each meeting day the Fed would publish a policy statement about the economy and the federal funds target range and hold a same-day press conference. The Fed would release meeting minutes within 21 days. The Board would also do a public review of its monetary policy framework every 5 years and publish a Financial Stability Report every 180 days.
Sponsors & CoSponsors
Sponsor
Gallego, Ruben [D-AZ]
AZ • D
Cosponsors
Sen. Tillis, Thomas [R-NC]
NC • R
Sponsored 12/15/2025
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov