Recent Developments

The Federal Reserve Explained
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      Economy at a Glance

      Policy Rate

      Fed Funds Target Range

      4.25% to 4.50%

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      Inflation (PCE)

      2.5% January 2025

      Chart

      Line chart with 109 data points.
      The chart has 1 X axis displaying Time. Data ranges from 2016-01-01 00:00:00 to 2025-01-01 00:00:00.
      The chart has 1 Y axis displaying values. Data ranges from 0.4 to 7.2.
      End of interactive chart.

      Source: Bureau of Economic Analysis

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      Unemployment Rate

      4.1% February 2025

      Chart

      Line chart with 122 data points.
      The chart has 1 X axis displaying Time. Data ranges from 2015-01-01 00:00:00 to 2025-02-01 00:00:00.
      The chart has 1 Y axis displaying values. Data ranges from 3.4 to 14.8.
      End of interactive chart.

      Source: U.S. Bureau of Labor Statistics

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      Gross Domestic Product (GDP)

      +2.3% Q4 2024

      Chart

      Bar chart with 36 bars.
      The chart has 1 X axis displaying Time. Data ranges from 2016-01-01 00:00:00 to 2024-10-01 00:00:00.
      The chart has 1 Y axis displaying values. Data ranges from -28.1 to 35.2.
      End of interactive chart.

      Source: Bureau of Economic Analysis

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      What is FedNow? Learn more
      Review of Monetary Policy Strategy, Tools, and Communications
      Image of stack of papers on purple circle with purple background next to "Review of the Federal Reserve's Supervision and Regulation of Silicon Valley Bank. Learn more."

      Disaster Preparedness and Recovery Resources

      Learn more about helpful resources for institutions and individuals who are recovering from California wildfires.

      Fed Listens

      Watch on-demand video of the Board's event from March 22, 2024.

      Funding, Credit, Liquidity, and Loan Facilities and Reporting

      Learn more about the facilities the Federal Reserve has established in response to events related to the COVID-19 pandemic and read reports filed with Congress pursuant to section 13(3) of the Federal Reserve Act.

      Capital One-Discover Application and related materials

      Access the Capital One-Discover Application and related materials.

      Financial Innovation

      The Federal Reserve Board is committed to supporting responsible fintech innovation, both by the firms we regulate directly, and in the financial market broadly.

      Proposals for Comment

      Find, review, and submit comments on Board proposals.

      Select Statistical Releases

      Principal Economic Indicators
      Federal Reserve Consumer Help

      If you have a problem with a bank or financial institution, contact the Federal Reserve for help

      The FOMC Calendar
      U.S. Currency Education Program
      Last Update: March 13, 2025