Centennial Monetary Commission Act of 2015

This bill would establish a temporary group called the Centennial Monetary Commission to conduct a comprehensive review of how the Federal Reserve has managed the nation’s money since 1913. The commission would be responsible for evaluating how different strategies for controlling inflation and interest rates have affected economic growth, employment levels, and the overall stability of the financial system.

For everyday citizens, this bill aims to identify the most effective ways to manage the U.S. economy to ensure stable prices and a healthy job market over the long term. By examining past successes and failures, the commission would provide recommendations to Congress on how to improve the transparency and effectiveness of the Federal Reserve's policies, which directly influence the cost of borrowing money and the purchasing power of the dollar.