The Federal Reserve's statutory foundation under the 1913 Federal Reserve Act requires congressional legislation to repeal or abolish its Board of Governors and regional banks, a process that has seen only limited introduction of measures like the Federal Reserve Board Abolition Act in the 119th Congress without advancement beyond committee referral. With midterm elections approaching and legislative priorities focused on monetary policy adjustments, interest rate decisions, and institutional reforms rather than outright elimination, trader consensus reflects the structural barriers of bicameral passage, presidential approval, and entrenched economic roles in financial stability and monetary policy. Scenarios that could still shift odds include an unforeseen crisis prompting emergency action or unexpected shifts in congressional leadership, though such developments remain improbable before the 2027 cutoff given current procedural and political realities.