Current Interest Rates

Primary Credit

0.25%

Secondary Credit

0.75%

Seasonal Credit

0.15%

Fed Funds Target

0.00-0.25%

Press Releases & Announcements

Federal Reserve Board expands its program of support for flow of credit to the economy by taking steps to enhance liquidity and functioning of crucial state and municipal money markets

March 20, 2020

The Federal Reserve established the Money Market Mutual Fund Liquidity Facility, or MMLF, on March 18, 2020, to broaden its program of support for the flow of credit to households and businesses.The Federal Reserve Board on Friday expanded its program of support for the flow of credit to the economy by taking steps to enhance the liquidity and functioning of crucial state and municipal money markets.

FOMC Statements

FOMC Statement

July 29, 2020

The Federal Open Market Committee decided to maintain the target range for the federal funds rate at 0.00 to 0.25 percent.

FOMC Statement

June 10, 2020

The Federal Open Market Committee decided to maintain the target range for the federal funds rate at 0.00 to 0.25 percent.