Who Wants to Chair the Fed?

Decide the Interest Rate

Review the current economic factors below and choose whether to increase, decrease, or make no change to interest rates. Data is based on economic conditions as of January 15, 2025.

Inflation Rate: 3.2%

High inflation can erode purchasing power. Controlling it usually requires higher interest rates.

Unemployment Rate: 4.8%

Lowering interest rates can help reduce unemployment by encouraging business expansion and hiring.

Economic Growth: Slowing

Slowing growth might call for lower interest rates to stimulate investment and spending.

Consumer Confidence: Moderate

Moderate confidence might indicate a stable economy. Adjusting rates could either support or unsettle confidence.

Global Conditions: Pressures Increasing

Global pressures like supply chain disruptions or geopolitical events may require careful rate adjustments to stabilize the economy.