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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

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[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")

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[](/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

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