The Federal Reserve's statutory foundation under the 1913 Federal Reserve Act requires congressional legislation to repeal, creating high procedural barriers that explain the 95% trader consensus against abolition before 2027. A related bill introduced in the 119th Congress remains stalled in committee with negligible support, while recent activity centers on Federal Open Market Committee leadership transitions, regulatory capital proposals, and monetary policy debates rather than structural elimination. With limited session time remaining and no active floor votes or bipartisan momentum, traders price in the low probability of swift passage. Late developments such as an unexpected appropriations rider or crisis-driven executive push could theoretically shift odds, though both face entrenched institutional and political obstacles.