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’s Duke Addresses ‘Unavoidable’ Foreclosures 

Feb 11, 2009By

Federal Reserve governor Elizabeth Duke on Wednesday called for efforts to not only increase loan modification and foreclosure prevention, but outlined some initiatives that might be used to deal with the segment of foreclosures politicians and industry players don’t seem to readily talk about — unavoidable foreclosures. These constitute a portion of borrowers Duke said “due to resources or circumstance” are unable to maintain mortgage payments and/or refuse to pursue reasonable modifications.

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