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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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Fed’s Fisher: Credit Markets Have “STD” 

Sep 26, 2008By

In surprisingly blunt remarks delivered to a group of NYU students Thursday, Federal Reserve Bank of Dallas president Richard Fisher explained his recent less-hawkish stance on monetary policy, which saw him vote in line with Fed chief Ben Bernanke and other FOMC members in the most recent decision on rates. Prior to that, Fisher had been vocal in calling for hikes to the federal funds target rate.

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