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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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FDIC’s Institutions Must Monitor TARP Funds 

Jan 13, 2009By

The Treasury has been under fire in recent weeks for its less-than-perfect implementation of the Troubled Asset Relief Program — particularly its failure to monitor how banks are using TARP infusions.  The Federal Deposit Insurance Corp. on Monday became the first bank regulator to require its state-chartered banks to monitor and report the ways in which they utilize TARP funds.

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