H.R. 10530, also known as the “Coretta Scott King Full Employment Federal Reserve Act of 2024,” seeks to amend the Federal Reserve Act to modify the goals of the Federal Reserve. The bill proposes changes to promote a stable rate of inflation and define "maximum employment"...
Simple Explanation
The bill asks the Federal Reserve, which helps manage the country's money, to change some of its rules, like how they count jobs and set prices. It also wants them to have more different kinds of people as leaders and to share their plans in a way everyone can understand.