It seems like the Project 2025 (Heritage Foundation) plan is being rapidly implemented on all fronts by the current administration, as many expected. Since this blueprint is out there, and has been analyzed extensively, I went to check what the plans are for the Federal Reserve. [Here is an article about this from 2024](https://blog.uwsp.edu/cps/2024/09/12/the-project-2025-monetary-policy-gold-standard-and-federal-reserve/).
What can we glean from this? Some highlights:
>The Project 2025 monetary policy proposals include:
>- Returning the U.S. to the gold standard (commodity backed money).
>- Elimination of the Federal Reserve’s dual mandate of maximum employment and price stability replaced with a focus solely on price stability.
>- Reduce and limit Federal Reserve purchases of financial assets, including federal debt and mortgage-backed securities.
>- Limiting the Federal Reserve’s lender-of-last-resort function, which offers loans to banks near collapse.
>- Exploring alternatives to the Federal Reserve System, including elimination of the Federal Reserve and the implementation of “free banking”.