United States Interest Rate

Last Release

Jun 18, 2025

Actual

4.5

Units In

4.5

Frequency

Daily

Next Release

Jul 30, 2025

Time to Release

28 Days 11 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

U.S. Treasury Secretary Scott Bessent said Tuesday he believes the Federal Reserve could lower interest rates by September, aligning with President Donald Trump's repeated calls for cuts. Speaking on Fox News, Bessent noted, "I think that the criteria is that tariffs were not inflationary. If they're going to follow that criteria, I think that they could do it sooner than then, but certainly by September." While expressing disagreement with the Fed’s reasoning, he added, "If you're following that criteria, sure, why not the fall?" The Fed's current policy rate stands at 4.25%–4.50%, and speculation has grown around a potential easing cycle amid evolving inflation and trade dynamics. Separately, Chair Powell said Tuesday that policymakers would have eased monetary policy by now if not for Trump’s tariff plan.