Federal Reserve

Data Source: Federal Reserve

Past Meetings

Rate Description Date Previous % Change % Rate % Statement Minutes
Federal Funds Target Range - Upper Limit Wed 01 May 2024 5.50 0.00 5.50
Federal Funds Target Range - Lower Limit Wed 01 May 2024 5.25 0.00 5.25
Federal Funds Target Range - Upper Limit Wed 20 Mar 2024 5.50 0.00 5.50
Federal Funds Target Range - Lower Limit Wed 20 Mar 2024 5.25 0.00 5.25
Federal Funds Target Range - Upper Limit Wed 31 Jan 2024 5.50 0.00 5.50
Federal Funds Target Range - Lower Limit Wed 31 Jan 2024 5.25 0.00 5.25
Federal Funds Target Range - Upper Limit Wed 13 Dec 2023 5.50 0.00 5.50
Federal Funds Target Range - Lower Limit Wed 13 Dec 2023 5.25 0.00 5.25
Federal Funds Target Range - Upper Limit Wed 01 Nov 2023 5.50 0.00 5.50
Federal Funds Target Range - Lower Limit Wed 01 Nov 2023 5.25 0.00 5.25
Federal Funds Target Range - Upper Limit Wed 20 Sep 2023 5.50 0.00 5.50
Federal Funds Target Range - Lower Limit Wed 20 Sep 2023 5.25 0.00 5.25
Federal Funds Target Range - Upper Limit Wed 26 Jul 2023 5.25 0.25 5.50

Upcoming Meetings

Date Time
Wed 12 Jun 2024 02:00 PM Washington time
Name Description Rate
Flavio Serrano Federal Funds Target Range - Upper Limit 5.25 %
Flavio Serrano Federal Funds Target Range - Lower Limit 5.00 %
Date Time
Wed 31 Jul 2024 02:00 PM Washington time
Name Description Rate
Flavio Serrano Federal Funds Target Range - Upper Limit 5.25 %
Flavio Serrano Federal Funds Target Range - Lower Limit 5.00 %
Date Time
Wed 18 Sep 2024 02:00 PM Washington time
Name Description Rate
Flavio Serrano Federal Funds Target Range - Upper Limit 5.00 %
Flavio Serrano Federal Funds Target Range - Lower Limit 4.75 %
Date Time
Thu 07 Nov 2024 02:00 PM Washington time
Name Description Rate
Flavio Serrano Federal Funds Target Range - Upper Limit 4.50 %
Flavio Serrano Federal Funds Target Range - Lower Limit 4.75 %
Date Time
Wed 18 Dec 2024 02:00 PM Washington time
Name Description Rate
Flavio Serrano Federal Funds Target Range - Upper Limit 4.75 %
Flavio Serrano Federal Funds Target Range - Lower Limit 4.50 %
Date Time
Wed 29 Jan 2025 02:00 PM Washington time
Name Description Rate
Flavio Serrano Federal Funds Target Range - Upper Limit 4.75 %
Flavio Serrano Federal Funds Target Range - Lower Limit 4.50 %

News

Forecasters

Forecaster
Score
Parul Jain, MacroFin Analytics & Rutgers Business School
37.50
Joel Naroff
31.25
Leo Feler
12.50
John Dunham
6.25
Washington__Federal_Reserve.jpg
Stefan Fussan, CC BY-SA 3.0 DE, via Wikimedia Commons

The Federal Reserve Bank: Navigating the Heartbeat of the U.S. Economy

The Federal Reserve Bank, often referred to as the "Fed," stands as a cornerstone of the United States' economic infrastructure. Established over a century ago, the Fed plays a central role in shaping monetary policy, maintaining financial stability, and fostering economic growth. Let's delve into the workings and significance of the Federal Reserve Bank in the intricate tapestry of the U.S. economy.

The Birth of the Fed

The Federal Reserve System was established in 1913 in response to financial panics and banking crises that had plagued the nation's history. The primary purpose of its creation was to provide a more stable and secure financial system, reduce the frequency of bank runs, and ensure an elastic currency supply. The Fed was envisioned as a unique blend of public and private entities, with regional Reserve Banks operating under the guidance of a centralized Board of Governors in Washington, D.C.

Maintaining Monetary Policy

One of the Fed's most critical responsibilities is the formulation and execution of monetary policy. Through tools such as open market operations, discount rates, and reserve requirements, the Fed influences the money supply and interest rates. This influence, in turn, impacts borrowing costs, spending, investment, and overall economic activity. The Fed's aim is to strike a delicate balance between controlling inflation and promoting employment and economic growth.

Banking Supervision and Financial Stability

The Federal Reserve also plays a crucial role in ensuring the safety and soundness of the nation's banking system. It conducts regular examinations and assessments of banks and financial institutions, aiming to prevent excessive risk-taking and maintain the stability of the financial sector. Additionally, the Fed collaborates with other regulatory bodies to create a robust framework that safeguards against systemic risks and crises.

Emergency Lending and Crisis Management

In times of financial turmoil, the Fed acts as a lender of last resort, providing liquidity and stability to financial markets. During the 2008 financial crisis, for example, the Fed implemented unprecedented measures to prevent a complete collapse of the banking system. These actions included providing emergency loans and implementing quantitative easing to stimulate the economy.

Transparency and Accountability

The Federal Reserve Bank operates within a framework of transparency and accountability. While its decisions are largely autonomous, the Fed communicates its policies, actions, and economic projections to the public. Regular press conferences, meetings, and publications provide insight into the Fed's rationale and approach to monetary policy, allowing markets and the public to make informed decisions.

In a nutshell

The Federal Reserve Bank stands as a pillar of the U.S. economy, serving as the guardian of monetary stability, financial security, and economic prosperity. Through its intricate mechanisms and dedicated efforts, the Fed plays a pivotal role in steering the nation's economic course, responding to challenges, and nurturing growth. As the economic landscape continues to evolve, the Federal Reserve's mission remains unwavering—to safeguard the nation's financial well-being and ensure a stable and prosperous future for all.

As we navigate the currents of economic change, the Federal Reserve Bank's enduring commitment to its mandate remains a guiding light, providing reassurance and stability in an ever-fluctuating financial world.

\