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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Banks Need to Lend, Says White House 

Oct 28, 2008By

Let’s back up a little bit: first there was the $700 billion in the U.S. Treasury’s Troubled Asset Resolution Program, or TARP. The idea, at the outset, was to clear bad assets off of bank balance sheets and enable to them to focus on moving forward. The program took a twist roughly a week ago, and has since seen a good chunk of its funding put directly towards recapitalizing banks — with the idea that banks would in turn start lending.

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