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.
Latest Posts
Wells Fargo board shakeup continues: Longest-serving directors set to retire
Mar 02, 2018Four members of Wells Fargo’s board of directors, including its three longest-serving directors, will retire next month as the bank continues to clean up from its troubles of the last 18 months. On the way out are John Chen, Lloyd Dean, and Enrique Hernandez, each of which has served on the Wells Fargo board for at least 10 years, along with Federico Peña.
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Jerome Powell officially takes over for Janet Yellen as Fed chair
Feb 05, 2018 -
Senate confirms Jerome Powell to serve as next Fed chair
Jan 23, 2018 -
Fed Vice Chairman Randal Quarles to recuse himself from Wells Fargo matters
Dec 15, 2017 -
Trump taps “impeccable conservative” Marvin Goodfriend to serve as Fed governor
Nov 30, 2017 -
Fed sanctions Peoples Bank for misleading borrowers on mortgage fees
Nov 28, 2017 -
Fed Chair nominee Jerome Powell appears before Senate Banking Committee
Nov 28, 2017 -
Housing’s biggest questions going into 2018
Nov 24, 2017 -
Trump administration reportedly considering Mohamed El-Erian for Fed Vice Chair
Nov 14, 2017 -
New York Fed President William Dudley to retire next year
Nov 06, 2017 -
Mortgage industry stands behind TrumpÕ Fed chair pick
Nov 02, 2017 -
Mohamed El-Erian talks rate hikes, future of the Fed, state of housing
Oct 24, 2017
