FOR IMMEDIATE RELEASE
September 4, 2025
Contact: Jin.Choi@mail.house.gov
Barragán Leads Resolution to Defend Federal Reserve Against Trump’s Attacks
Washington, D.C. – Today, Congresswoman Nanette Barragán (CA-44), introduced a resolution to affirm the independence of the Federal Reserve System, its Chairman Jerome Powell, and the Board of Governors.
The resolution comes as President Trump has escalated attacks on the Federal Reserve, attempting to undermine its authority by intimidating Chairman Powell and illegally seeking to remove Federal Reserve Board Member Lisa Cook.
“The Federal Reserve should remain independent,” said Rep. Barragán. “Efforts to weaken or politicize the Fed are threats to our financial system, our currency, and the livelihoods of American businesses and families. This resolution makes it clear that Congress stands firmly behind Chairman Powell and the Board of Governors as they carry out their duties based on data and facts — not political pressure.”
The Federal Reserve plays a critical role in maintaining the stability of the U.S. financial system, managing inflation, promoting maximum employment, and safeguarding banking institutions. Attempts to interfere for short-term political gain risk undermining global confidence in the U.S. dollar and financial markets.
The resolution:
- Affirms support for the independence of the Federal Reserve in setting monetary policy free from political interference;
- Recognizes and maintains confidence in Chairman Powell and the Board of Governors;
- Urges the President to respect the legal independence of the Federal Reserve and refrain from further actions that compromise its integrity; and
- Reaffirms the Fed’s critical role in ensuring a stable economy that benefits all Americans.
The resolution is cosponsored by Reps. Cleo Fields, Ted Lieu, Debbie Dingell, Shri Thanedar, John Garamendi, Yassamin Ansari, Judy Chu, Jim McGovern, Robin Kelly, Mark Pocan, Angie Craig, Jared Moskowitz, Timothy Kennedy, Laura Friedman, Pramila Jayapal, Nancy Pelosi, Dan Goldman, Seth Magaziner, Julie Johnson, Ed Case, Jared Huffman, and Kelly Morrison.
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