[Skip to main content](#content)
[Back to Home](/default.htm) [Board of Governors of the Federal Reserve System](/default.htm "Link to Home Page")
* Stay Connected
* [
Federal Reserve Facebook Page](https://www.facebook.com/federalreserve)
* [
Federal Reserve Instagram Page](https://www.instagram.com/federalreserveboard/)
* [
Federal Reserve YouTube Page](https://www.youtube.com/federalreserve)
* [
Federal Reserve Flickr Page](https://www.flickr.com/photos/federalreserve/)
* [
Federal Reserve LinkedIn Page](https://www.linkedin.com/company/federal-reserve-board)
* [
Federal Reserve Threads Page](https://www.threads.net/@federalreserveboard)
* [
Federal Reserve Twitter Page](https://twitter.com/federalreserve)
* [
Subscribe to RSS](/feeds/feeds.htm)
* [
Subscribe to Email](/subscribe.htm)
* [Recent Postings](/recentpostings.htm)
* [Calendar](/newsevents/calendar.htm)
* [Publications](/publications.htm)
* [Site Map](/sitemap.htm)
* [A-Z index](/azindex.htm)
* [Careers](/careers.htm)
* [FAQs](/faqs.htm)
* [Videos](/videos.htm)
* [Contact](/aboutthefed/contact-us-topics.htm)
Search Submit Search Button
[Advanced](//www.fedsearch.org/board_public/)
Toggle Dropdown Menu
* [Recent Postings](/recentpostings.htm)
* [Calendar](/newsevents/calendar.htm)
* [Publications](/publications.htm)
* [Site Map](/sitemap.htm)
* [A-Z index](/azindex.htm)
* [Careers](/careers.htm)
* [FAQs](/faqs.htm)
* [Videos](/videos.htm)
* [Contact](/aboutthefed/contact-us-topics.htm)
* * [
Federal Reserve Facebook Page](https://www.facebook.com/federalreserve)
* [
Federal Reserve Instagram Page](https://www.instagram.com/federalreserveboard/)
* [
Federal Reserve YouTube Page](https://www.youtube.com/federalreserve)
* [
Federal Reserve Flickr Page](https://www.flickr.com/photos/federalreserve/)
* [
Federal Reserve LinkedIn Page](https://www.linkedin.com/company/federal-reserve-board)
* [
Federal Reserve Threads Page](https://www.threads.net/@federalreserveboard)
* [
Federal Reserve Twitter Page](https://twitter.com/federalreserve)
* [
Subscribe to RSS](/feeds/feeds.htm)
* [
Subscribe to Email](/subscribe.htm)
Main Menu Toggle Button Sections Search Toggle Button
Search Search Submit Button Submit
Recent Developments
-------------------
* [Beige Book](/monetarypolicy/publications/beige-book-default.htm)
Recent Posting - 3/5/2025
* [Federal Reserve Board begins 2025 Survey of Consumer Finances](/newsevents/pressreleases/other20250228a.htm)
Press Release - 2/28/2025
* [Speech by Governor Bowman on community banking](/newsevents/speech/bowman20250227a.htm)
Speech - 2/27/2025
* [Speech by Vice Chair for Supervision Barr on novel activity supervision](/newsevents/speech/barr20250227a.htm)
Speech - 2/27/2025
* [Speech by Vice Chair for Supervision Barr on financial stability](/newsevents/speech/barr20250225a.htm)
Speech - 2/25/2025
* [Speech by Vice Chair Jefferson on central bank communication](/newsevents/speech/jefferson20250221a.htm)
Speech - 2/21/2025
* [Speech by Governor Kugler on navigating inflation waves while riding on the Phillips curve](/newsevents/speech/kugler20250220a.htm)
Speech - 2/20/2025
* [Speech by Vice Chair for Supervision Barr on supervision and regulation](/newsevents/speech/barr20250220a.htm)
Speech - 2/20/2025
[](https://www.federalreserve.gov/aboutthefed/fedexplained/who-we-are.htm)
FOMC Press Conference January 29, 2025
Video Player is loading.
Play Video
PlaySkip BackwardSkip Forward
Mute
Current Time 0:00
/
Duration 49:35
Loaded: 0.33%
0:00
Stream Type LIVE
Seek to live, currently behind liveLIVE
Remaining Time \-49:35
1x
Playback Rate
Chapters
* Chapters
Descriptions
* descriptions off, selected
Captions
* captions settings, opens captions settings dialog
* captions off
* en, selected
Audio Track
* en (Main), selected
Picture-in-PictureFullscreen
This is a modal window.
Beginning of dialog window. Escape will cancel and close the window.
TextColorWhiteBlackRedGreenBlueYellowMagentaCyanOpacityOpaqueSemi-Transparent
Text BackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanOpacityOpaqueSemi-TransparentTransparent
Caption Area BackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanOpacityTransparentSemi-TransparentOpaque
Font Size50%75%100%125%150%175%200%300%400%
Text Edge StyleNoneRaisedDepressedUniformDrop shadow
Font FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall Caps
ResetDone
Close Modal Dialog
End of dialog window.
Close Modal Dialog
This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.
**Accessible Keys for Video**
**\[Space Bar\]** toggles play/pause;
**\[Right/Left Arrows\]** seeks the video forwards and back (5 sec );
**\[Up/Down Arrows\]** increase/decrease volume;
**\[M\]** toggles mute on/off;
**\[F\]** toggles fullscreen on/off (Except IE 11);
The **\[Tab\]** key may be used in combination with the **\[Enter/Return\]** key to navigate and activate control buttons, such as caption on/off.
[Transcript (PDF)](https://www.federalreserve.gov/mediacenter/files/FOMCpresconf20250129.pdf)
Economy at a Glance
-------------------
### Policy Rate
### Fed Funds Target Range
4.25% to 4.50%
[View More](/economy-at-a-glance-policy-rate.htm "About Federal Funds Rate Target Range")
### 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.
Created with Highcharts 12.1.22020202502468
End of interactive chart.
**Source**: [Bureau of Economic Analysis](https://www.bea.gov)
[View More](/economy-at-a-glance-inflation-pce.htm "About Inflation Personal Consumption Expenditures Price Index")
### 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.
Created with Highcharts 12.1.220152020202505101520
End of interactive chart.
**Source**: [U.S. Bureau of Labor Statistics](https://www.bls.gov)
[View More](/economy-at-a-glance-unemployment-rate.htm "About Civilian Unemployment Rate")
### 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.
Created with Highcharts 12.1.2Q1'20\-50\-2502550
End of interactive chart.
**Source**: [Bureau of Economic Analysis](https://www.bea.gov)
[View More](/economy-at-a-glance-gross-domestic-product.htm "About Gross Domestic Product")
* * *
[](/paymentsystems/fednow_faq.htm)
[](/monetarypolicy/review-of-monetary-policy-strategy-tools-and-communications-2025.htm)
[](/publications/review-of-the-federal-reserves-supervision-and-regulation-of-silicon-valley-bank.htm)
#### [Disaster Preparedness and Recovery Resources](https://www.federalreserve.gov/supervisionreg/disaster-preparedness-and-recovery-resources.htm)
Learn more about helpful resources for institutions and individuals who are recovering from California wildfires.
#### [Fed Listens](https://www.federalreserve.gov/conferences/fed-listens-transitioning-to-the-post-pandemic-economy-032024.htm)
Watch on-demand video of the Board's event from March 22, 2024.
#### [Funding, Credit, Liquidity, and Loan Facilities and Reporting](https://www.federalreserve.gov/covid-19.htm)
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](https://www.federalreserve.gov/foia/capital-one-discover-application-materials.htm)
Access the Capital One-Discover Application and related materials.
#### [Financial Innovation](/aboutthefed/financial-innovation.htm)
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](https://www.federalreserve.gov/apps/proposals)
Find, review, and submit comments on Board proposals.
### Select Statistical Releases
Principal Economic Indicators
* [DDP for Consumer Credit - G.19](https://www.federalreserve.gov/datadownload/Choose.aspx?rel=G19 "Data Download for Consumer Credit - G.19")
[Consumer Credit - G.19](/releases/g19/current/default.htm)
* [DDP for Industrial Production and Capacity Utilization - G.17](https://www.federalreserve.gov/datadownload/Choose.aspx?rel=G17 "Data Download for Industrial Production and Capacity Utilization - G.17")
[Industrial Production and Capacity Utilization - G.17](https://www.federalreserve.gov/releases/g17/Current/default.htm)
* [DDP for Factors Affecting Reserve Balances - H.4.1](https://www.federalreserve.gov/datadownload/Choose.aspx?rel=H41 "Data Download for Factors Affecting Reserve Balances - H.4.1")
[Factors Affecting Reserve Balances - H.4.1](/releases/h41/)
* [DDP for Money Stock Measures - H.6](https://www.federalreserve.gov/datadownload/Choose.aspx?rel=H6 "Data Download for Money Stock Measures - H.6")
[Money Stock Measures - H.6](/releases/h6/current/default.htm)
* [DDP for Commercial Paper](https://www.federalreserve.gov/datadownload/Choose.aspx?rel=CP "Data Download for Commercial Paper")
[Commercial Paper](/releases/cp/)
* [DDP for Financial Accounts of the United States - Z.1](https://www.federalreserve.gov/datadownload/Build.aspx?rel=Z1 "Data Download for Financial Accounts of the United States - Z.1")[FOF for Financial Accounts of the United States - Z.1](https://www.federalreserve.gov/apps/fof/)
[Financial Accounts of the United States - Z.1](/releases/z1/current/default.htm)
* [DDP for Selected Interest Rates - H.15](https://www.federalreserve.gov/datadownload/Choose.aspx?rel=H15 "Data Download for Selected Interest Rates - H.15")
[Selected Interest Rates - H.15](/releases/h15/)
##### [Federal Reserve Consumer Help](https://www.federalreserveconsumerhelp.gov/)
If you have a problem with a bank or financial institution, contact the Federal Reserve for help
[](https://www.federalreserve.gov/monetarypolicy/fomccalendars.htm)
[](https://www.uscurrency.gov/)
Last Update: March 6, 2025
[Back to Top](# "Scroll To Top")