United States Interest Rate

Last Release

May 07, 2025

Actual

4.5

Units In

4.5

Frequency

Daily

Next Release

Jun 18, 2025

Time to Release

13 Days 8 Hours

Highest	Lowest	Average	Date Range	Source
20 Mar 1980	0.25 Dec 2008	5.41 %	1971-2025	Federal Reserve

In the United States, the authority to set interest rates is divided between the Board of Governors of the Federal Reserve (Board) and the Federal Open Market Committee (FOMC). The Board decides on changes in discount rates after recommendations submitted by one or more of the regional Federal Reserve Banks. The FOMC decides on open market operations, including the desired levels of central bank money or the desired federal funds market rate.

Latest Updates

President Donald Trump on Wednesday lashed out at Federal Reserve Chair Jerome Powell, demanding rate cuts just after ADP reported the weakest private sector job growth since March 2023. On Truth Social, Trump wrote, “Europe has lowered nine times!”. Their recent White House meeting reportedly turned tense. According to press secretary Karoline Leavitt, Trump told Powell he was “making a mistake by not lowering interest rates,” arguing it puts the U.S. at a disadvantage to countries like China. The Fed stated Powell emphasized that policy should follow economic data, not politics. Since returning to office, Trump has repeatedly attacked Powell, calling him a “major loser” and nicknaming him “Too Late” over rate decisions. Though Trump hinted at firing Powell before his term ends in 2026, he said in April he had “no intention” of doing so—yet continues to air frustrations publicly.