Limit the Federal Reserve to a single mandate of stable money
What the document says“Congress should limit its mandate to the sole objective of stable money.”
The central bank currently has a dual mandate covering both stable prices and maximum employment. The chapter argues that because of its expanded discretionary powers over monetary and regulatory policy it lacks both operational effectiveness and political independence, and that narrowing the mandate would protect its independence and improve outcomes.
What the document actually says“Congress should limit its mandate to the sole objective of stable money.”
The Fed should have one job only. That job is keeping money stable.
The Fed is told to do two things. Keep prices steady and keep people in work. The book says it should do only the first.
Read against the documents indexed here on August 26, 2026, and nothing was found that answers this. Nothing indexed narrows the Federal Reserve's statutory mandate, which still covers stable prices and maximum employment together. Changing it would take an act of Congress, and no such bill appears among the laws indexed here. The candidates are unrelated, being Congressional Review Act resolutions, emergency continuation notices and a rescissions act. That is a record of a search, not a finding that nothing has happened: an act this site does not hold, or one that answers the proposal in words unlike its own, would not be caught by it.