***Denotes a new entry.

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Federal Open Market Committee $(FOMC)$ MEETING DATES:

2025

June 17-18 (second day: statement released 1400 EDT/1800 GMT; news conference expected 1430 EDT/1830 GMT)

July 29-30 (second day: statement released 1400 EDT/1800 GMT; news conference expected 1430 EDT/1830 GMT)

September 16-17 (second day: statement released 1400 EDT/1800 GMT; news conference expected 1430 EDT/1830 GMT)

October 28-29 (second day: statement released 1400 EDT/1800 GMT; news conference expected 1430 EDT/1830 GMT)

December 9-10 (second day: statement released 1400 EST/1900 GMT; news conference expected 1430 EST/1930 GMT)

2026

January 27-28 (second day: statement released 1400 EST/1900 GMT; news conference expected 1430 EST/1930 GMT)

March 17-18 (second day: statement released 1400 EDT/1800 GMT; news conference expected 1430 EDT/1830 GMT)

April 28-29 (second day: statement released 1400 EDT/1800 GMT; news conference expected 1430 EDT/1830 GMT)

June 16-17 (second day: statement released 1400 EDT/1800 GMT; news conference expected 1430 EDT/1830 GMT)

July 28-29 (second day: statement released 1400 EDT/1800 GMT; news conference expected 1430 EDT/1830 GMT)

September 15-16 (second day: statement released 1400 EDT/1800 GMT; news conference expected 1430 EDT/1830 GMT)

October 27-28 (second day: statement released 1400 EDT/1800 GMT; news conference expected 1430 EDT/1830 GMT)

December 8-9 (second day: statement released 1400 EST/1900 GMT; news conference expected 1430 EST/1930 GMT)

2027

January 26-27 (second day: statement released 1400 EST/1900 GMT; news conference expected 1430 EST/1930 GMT)

------------------------------------------------------------FEDERAL RESERVE CHAIR JEROME POWELL

Thursday, May 15WASHINGTON - Federal Reserve Chair Jerome Powell speaks on "Framework Review" before the Thomas Laubach Research Conference, 0840 EDT/1240 GMT. Text available. No Q&A. Webcast at https://www.federalreserve.gov/. Federal Reserve, Martin Building, 2001 C. Street N.W. RSVP for in-person attendance: Emma Jones, emma.r.jones@frb.gov or Joe Pavel, joe.pavel@frb.gov. Event information: https://www.federalreserve.gov/conferences/second-thomas-laubach-research-conference.htm

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OTHER FED OFFICIALS

Wednesday, May 14

RABAT, Morocco - Federal Reserve Board Governor Christopher Waller speaks on "Central Bank Research" before the Award Ceremony for the Winners of the 2nd Edition of the Bank Al-Maghrib Prize for Economic and Financial Research, 0515 EDT/0915 GMT (1015 local). Text available. Q&A from moderator. Webcast at https://www.youtube.com/@BankAlMaghribBKAM/streams. The Bank Al-Maghrib Training Center Al-Irfane, X4FG+F7X, Rabat, Morocco. RSVP for in-person attendance: Nouaim Sqalli, n.sqalli@bkam.ma

WASHINGTON - Federal Reserve Vice Chair Philip Jefferson speaks on the economic outlook before virtual Annual Conference of Second District Directors and Advisors, 0910 EDT/1310 GMT. Text available. No Q&A. RSVP for livestream: Brian Manning, Brian Manning@ny.frb.org

LA QUINTA, Calif. - Federal Reserve Bank of San Francisco President Mary Daly participates in fireside chat before the California Bankers Association 25th Annual Conference and Directors Forum, 1440 PDT/1740 EDT/2140 GMT. Audience Q&A expected. Livestream at https://www.frbsf.org/news-and-media/events/2025/05/mary-c-daly-california-bankers-association-annual-conference-2025/. No prepared remarks. No group media interview. La Quinta Resort and Club, 49-499 Eisenhower Drive, La Quinta CA 92253. Contact: Musadiq Bidar, 415 265 1254 or Musadiq.Bidar@sf.frb.org

Thursday-Friday, May 15-16WASHINGTON - Federal Reserve Board holds 2nd Thomas Laubach Research Conference. The conference will highlight research focusing on monetary policy and the economy. As such, it is expected to provide timely academic perspectives for the monetary policy framework review that the Federal Reserve has committed to conduct every five years. Federal Reserve, Martin Building, 2001 C. Street N.W. Webcast at www.federalreserve.gov or https://www.youtube.com/federalreserve. RSVP for in-person attendance: Emma Jones, emma.r.jones@frb.gov, Joe Pavel, joe.pavel@frb.gov, or media@frb.gov. Event information: https://www.federalreserve.gov/conferences/second-thomas-laubach-research-conference.htm

Thursday, May 15

WASHINGTON - (VIA PRE-RECORDED VIDEO) Federal Reserve Board Governor Michael Barr gives opening remarks before virtual 2025 Northeast/Mid-Atlantic Small Business Credit Symposium hosted by the Federal Reserve Banks of New York, Cleveland, Philadelphia, Boston and Richmond, 1405 EDT/1805 GMT. Text available. No Q&A. Livestream at www.federalreserve.gov. Contact: Laura Benedict, laura.a.benedict@frb.gov. Event information: https://www.newyorkfed.org/newsevents/events/regional_outreach/2025/0515-2025

Friday, May 16HENDERSON, N.C. - Federal Reserve Bank of Richmond President Thomas Barkin gives commencement address at Vance-Granville Community College. Event begins 1800 EDT/2200 GMT. Text available at www.richmondfed.org at time of speech. No Q&A. Main Campus, 200 Community College Road, Henderson NC 27537. Contact: Jim Strader, jim.strader@rich.frb.org. Event information: https://www.vgcc.edu/vgcc-to-honor-551-graduates-at-2025-commencement/

BOISE, Idaho - Federal Reserve Bank of San Francisco President Mary Daly gives commencement address at the College of Western Idaho, approx. 1940 MDT/2140 EDT/0140 GMT. Prepared remarks available at speech time. Livestream at https://www.frbsf.org/news-and-media/events/2025/05/mary-c-daly-commencement-address-college-of-western-idaho-2025/. No Q&A. No group media interview. ExtraMile Arena, 1401 West Cesar Chavez Lane, Boise, ID 83706. Contact: Musadiq Bidar, 415 265 1254 or Musadiq.Bidar@sf.frb.org

Sunday, May 18

HEMPSTEAD, N.Y. - Federal Reserve Bank of New York President John Williams gives commencement address before the Hofstra University Graduate Commencement, 1720 EDT/2120 GMT. Livestream at https://www.youtube.com/live/M-AC3GoF7JY. Text expected. No Q&A. Hofstra University, David S. Mack Sports and Exhibition Complex, Hempstead NY 11549. RSVP for in-person attendance: https://www.hofstra.edu/marketing-communications/journalists.html. Contact: Brian Manning, brian.manning@ny.frb.org

Monday, May 19

FERNANDINA BEACH, Fla. - Federal Reserve Bank of Atlanta President Raphael Bostic gives welcome remarks before the 2025 Financial Markets Conference - "Financial Intermediation In Transition: How Will Policy Adapt?" hosted by the Federal Reserve Bank of Atlanta, 0830 EDT/1230 GMT. No text. Livestream available. Omni Amelia Island, 39 Beach Lagoon Road, Fernandina Beach, FL 32034. RSVP for in-person attendance: Karen Mracek, karen.mracek@atl.frb.org. Event information: https://www.atlantafed.org/news/conferences-and-events/conferences/2025/05/18/financial-markets-conference/agenda

FERNANDINA BEACH, Fla. - Federal Reserve Bank of Atlanta President Raphael Bostic moderates a discussion before the 2025 Financial Markets Conference - "Financial Intermediation In Transition: How Will Policy Adapt?" hosted by the Federal Reserve Bank of Atlanta, 0845 EDT/1245 GMT. Livestream available. Omni Amelia Island, 39 Beach Lagoon Road, Fernandina Beach, FL 32034. RSVP for in-person attendance: Karen Mracek, karen.mracek@atl.frb.org. Event information: https://www.atlantafed.org/news/conferences-and-events/conferences/2025/05/18/financial-markets-conference/agenda

NEW YORK - Federal Reserve Bank of New York President John Williams participates in moderated discussion on the economic outlook before the Mortgage Bankers Association Secondary and Capital Markets Conference, 0845 EDT/1245 GMT. No text. Moderated Q&A expected. New York Marriott Marquis, 1535 Broadway, 6th floor, Broadway Ballroom. RSVP: Adam DeSanctis, adesanctis@mba.org. Event information: https://www.mba.org/conferences-and-education/secondary-and-capital-markets-conference/

FERNANDINA BEACH, Fla. - Federal Reserve Bank of Dallas President Lorie Logan is panel moderator for "Policy Session 2: The Increasing Role of Nonbank Institutions in the Treasury and Money Markets" at the 2025 Financial Markets Conference - "Financial Intermediation In Transition: How Will Policy Adapt?" hosted by the Federal Reserve Bank of Atlanta, 1315 EDT/1715 GMT. Livestream available. Omni Amelia Island, 39 Beach Lagoon Road, Fernandina Beach, FL 32034. RSVP for in-person attendance: Karen Mracek, karen.mracek@atl.frb.org. Event information: https://www.atlantafed.org/news/conferences-and-events/conferences/2025/05/18/financial-markets-conference/agenda

Tuesday, May 20

FERNANDINA BEACH, Fla. - Federal Reserve Bank of Atlanta President Raphael Bostic gives welcome back remarks before the 2025 Financial Markets Conference - "Financial Intermediation In Transition: How Will Policy Adapt?" hosted by the Federal Reserve Bank of Atlanta, 0900 EDT/1300 GMT. Livestream available. Omni Amelia Island, 39 Beach Lagoon Road, Fernandina Beach, FL 32034. RSVP for in-person attendance: Karen Mracek, karen.mracek@atl.frb.org. Event information: https://www.atlantafed.org/news/conferences-and-events/conferences/2025/05/18/financial-markets-conference/agenda

ROANOKE, Va. - Federal Reserve Bank of Richmond President Thomas Barkin gives opening remarks before the "Elevating What Works" 2025 Investing in Rural America Conference hosted by the Federal Reserve Bank of Richmond, 0900 EDT/1300 GMT. Other details TBA. Hotel Roanoke & Conference Center, 110 Shenandoah Avenue, Roanoke, VA 24016. Contact: Jim Strader, jim.strader@rich.frb.org. RSVP by May 5: https://web.cvent.com/event/5658f4a7-0001-4b35-bb10-131e4a85f19a/summary?RefId=outreach&utm_campaign=f425bda4c9-DISTRICT_DIALOGUES_1_11_2022_COPY_01&utm_medium=email&utm_source=Federal%20Reserve%20Bank%20of%20Richmond&utm_term=0_f56b5f06b6-f425bda4c9-71970025

FERNANDINA BEACH, Fla. - Federal Reserve Bank of San Francisco President Mary Daly and Federal Reserve Bank of Cleveland President Beth Hammack give keynotes, and Federal Reserve Bank of Atlanta President Raphael Bostic moderates a discussion before the 2025 Financial Markets Conference - "Financial Intermediation In Transition: How Will Policy Adapt?" hosted by the Federal Reserve Bank of Atlanta, 1900 EDT/2300 GMT. Audience Q&A expected. Livestream at https://www.frbsf.org/news-and-media/events/2025/05/mary-c-daly-monetary-financial-markets-conference-2025/ or https://www.youtube.com/live/GBQnH5GMHrQ, or https://www.youtube.com/atlantafed. (Hammack: no text; Daly: no prepared remarks, no group media interview; Bostic: no media Q&A, no embargoed text). Omni Amelia Island, 39 Beach Lagoon Road, Fernandina Beach, FL 32034. RSVP for in-person attendance: Karen Mracek, karen.mracek@atl.frb.org. SF Fed contact: Musadiq Bidar, 415 265 1254 or Musadiq.Bidar@sf.frb.org. Event information: https://www.atlantafed.org/news/conferences-and-events/conferences/2025/05/18/financial-markets-conference/agenda

Wednesday, May 21

ROANOKE, Va. - Federal Reserve Bank of Richmond President Thomas Barkin participates in a "Fed Listens" event as part of the "Elevating What Works" 2025 Investing in Rural America Conference hosted by the Federal Reserve Bank of Richmond, 1200 EDT/1600 GMT. Other details TBA. Hotel Roanoke & Conference Center, 110 Shenandoah Avenue, Roanoke, VA 24016. Contact: Jim Strader, jim.strader@rich.frb.org. RSVP by May 5: https://web.cvent.com/event/5658f4a7-0001-4b35-bb10-131e4a85f19a/summary?RefId=outreach&utm_campaign=f425bda4c9-DISTRICT_DIALOGUES_1_11_2022_COPY_01&utm_medium=email&utm_source=Federal%20Reserve%20Bank%20of%20Richmond&utm_term=0_f56b5f06b6-f425bda4c9-71970025

Thursday, May 22

NEW YORK - Federal Reserve Bank of New York President John Williams gives keynote before Monetary Policy Implementation Workshop: "Unwinding Large Central Bank Balance Sheets" hosted by the Federal Reserve Bank of New York, 1400 EDT/1800 GMT. In-person event. Text and moderated Q&A expected. Federal Reserve Bank of New York, 33 Liberty Street, New York NY 10045. RSVP: Shelley Pitterson, shelley.pitterson@ny.frb.org. Event information: https://www.newyorkfed.org/newsevents/events/markets/2025/0522-2025

Thursday, May 29MACKINAC ISLAND, Mich. - Federal Reserve Bank of Chicago President Austan Goolsbee participates in a moderated question-and-answer session before the 2025 Mackinac Policy Conference hosted by the Detroit Regional Chamber, 0940 CDT/1040 EDT/1440 GMT. Livestream at https://www.chicagofed.org/publications/speeches/2025/may-29-ackinac-policy-conference. Embargoed text TBD. Grand Hotel, Mackinac Island. Event information: https://www.detroitchamber.com/mackinac-policy-conference/2025-mackinac-policy-conference/. Contact: Sean Herpolsheimer, sean.herpolsheimer@chi.frb.org

Monday, June 2

DAVENPORT, Iowa - Federal Reserve Bank of Chicago President Austan Goolsbee participates in a moderated question-and-answer session before the 2025 Quad Cities Business Journal Mid-Year Economic Review, 1145 CDT/1245 EDT/1645 GMT. Livestream available. Embargoed text TBD. Rhythm City Casino Resort, 7077 Elmore Avenue, Davenport IA 52807. Contact: Lucas Hayes, 319 665 6397 or lucas@corridorbusiness.com. Event information: https://quadcitiesbusiness.com/event/mid-year-economic-review/

Tuesday, June 3

CEDAR RAPIDS, Iowa - Federal Reserve Bank of Chicago President Austan Goolsbee participates in a moderated question-and-answer session before the 2025 Corridor Business Journal Mid-Year Economic Review, 1145 CDT/1245 EDT/1645 GMT. Livestream available. Embargoed text TBD. Double Tree by Hilton, 350 1st Avenue NE, Cedar Rapids IA 52401. Contact: Lucas Hayes, 319 665 6397 or lucas@corridorbusiness.com. Event information: https://corridorbusiness.com/event/mid-year-economic-review/

Thursday, June 26CLEVELAND - Federal Reserve Bank of Cleveland President Beth Hammack gives opening remarks before the "Building Strong and Sustainable Communities" Policy Summit 2025 hosted by the Federal Reserve Bank of Cleveland, 0900 EDT/1300 GMT. Virtual access available. Other details TBA. Hilton Cleveland Downtown, 100 Lakeside Avenue East, Cleveland OH 44114. Event information: https://www.clevelandfed.org/events/policy-summit/2025/ev-20250626-policy-summit-2025?utm_campaign=reg-open-nonsubs&utm_medium=email&_hsenc=p2ANqtz-_caF_wl3fezqZA4x4z9jeP4ApxZOqqbsOJingNLn4sc4gccNUnehkBS9mW9kRJESxPrSlu4ylfqbEdLYl5JhyYQzMYEf4OF8Zxp0DEUXJIhtcvW_0&_hsmi=353450256&utm_source=PS25

Friday, June 27CLEVELAND - Federal Reserve Bank of Cleveland President Beth Hammack participates in moderated discussion on labor market conditions, inflation, and interest rates before the "Building Strong and Sustainable Communities" Policy Summit 2025 hosted by the Federal Reserve Bank of Cleveland, 0915 EDT/1315 GMT. Virtual access available. Audience Q&A expected. Other details TBA. Hilton Cleveland Downtown, 100 Lakeside Avenue East, Cleveland OH 44114. Event information: https://www.clevelandfed.org/events/policy-summit/2025/ev-20250626-policy-summit-2025?utm_campaign=reg-open-nonsubs&utm_medium=email&_hsenc=p2ANqtz-_caF_wl3fezqZA4x4z9jeP4ApxZOqqbsOJingNLn4sc4gccNUnehkBS9mW9kRJESxPrSlu4ylfqbEdLYl5JhyYQzMYEf4OF8Zxp0DEUXJIhtcvW_0&_hsmi=353450256&utm_source=PS25

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FOMC MEETING MINUTES

1400 EDT/1800 GMT

Wednesday, May 28 (for meeting of May 6-7)

Wednesday, July 9 (for meeting of June 17-18)

BEIGE BOOK (Wednesday dates)

1400 EDT/1800 GMT

June 4, July 16, September 3, October 15

1400 EST/1900 GMT

November 26

January 14, 2026

Tuesday, May 13

NEW YORK - Federal Reserve Bank of New York issues Q1 Household Debt and Credit Report, an updated snapshot of trends in household borrowing and indebtedness, including data about mortgages, student loans, credit cards, and auto loans, 1100 EDT/1500 GMT. Contact: Connor Munsch, 347 224 1175 or connor.munsch@ny.frb.org

Federal Reserve Quarterly Financial Accounts of the United States (Z.1)

Thursday, June 12, at 1200 EDT/1600 GMT

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VOTING MEMBERS:

2025

Federal Reserve Bank of New York president Federal Reserve Bank of Chicago president Federal Reserve Bank of Boston president Federal Reserve Bank of St. Louis president Federal Reserve Bank of Kansas City president

2026

Federal Reserve Bank of New York president Federal Reserve Bank of Cleveland president Federal Reserve Bank of Philadelphia president Federal Reserve Bank of Dallas president Federal Reserve Bank of Minneapolis president

2027

Federal Reserve Bank of New York president Federal Reserve Bank of Chicago president Federal Reserve Bank of Richmond president Federal Reserve Bank of Atlanta president Federal Reserve Bank of San Francisco president

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((To access stories on Fed policy click on FED/AHEAD. For a diary of top economic events, see M/DIARY)