**Trader consensus against abolishing the Federal Reserve before 2027 reflects the absence of viable legislative momentum.** Bills such as H.R. 1846 and its Senate companion, introduced in 2025 by a small group of Republican lawmakers, remain stalled in committee with limited cosponsors and no floor action. Broader congressional priorities, Senate procedural hurdles, and bipartisan recognition of the Fed’s role in monetary policy and financial stability have kept full repeal off the agenda. Ongoing debates center on reforms to independence, regulatory authority, or the dual mandate rather than outright abolition. Markets price in these structural barriers, including the need for sustained majorities and presidential support unlikely to materialize in the remaining months of 2026. Late shifts could stem from an acute financial crisis that erodes institutional trust or an unexpected congressional realignment, though neither appears imminent.