Federal Reserve

The Federal Reserve started a rate-cutting cycle on Sept. 18, 2025, lowering its benchmark interest rate by 50 basis points (bps) to a range of 4.75% to 5%. The cut was the first since March 2020 after the Fed raised interest rates to a 23-year high point to cool the economy and quell inflation. The Fed cut rates two more times in 2024, each by 25 basis points. It has not cut interest rates so far in 2025.

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Fed Governor Warns Minority Bankers on TARP 

Jul 10, 2009By

Federal Reserve Governor Elizabeth Duke called on minority-owned banks to analyze their ability to access capital from an “unemotional” perspective before deciding to apply for or repay funds received for the federal government’s Troubled Asset Relief Program (TARP). Duke, herself a community banker early in her career, made the comments in a speech at the Minority Depository Institutions National Conference 2009 Conference in Chicago Thursday.

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