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News Now

CU System
IBloomberg RadioI interviews CUNA on U.S. debt
WASHINGTON (2/1/11)--Credit Union National Association Chief Economist Bill Hampel lent his insight on the economy in an interview Monday on Bloomberg Radio's "The Hays Advantage" show, hosted by Kathleen Hays. The show discussed U.S. debt and deleveraging. Hampel and Hays talked about the outlook for the economy based on the condition of U.S. consumers. Consumer spending likely would strengthen this year because the household balance sheet, though still damaged, had improved considerably the past year, Hampel said in the interview. They also discussed the importance of the growth of exports to take up some of the slack from what until 2007 was a booming consumer sector. The Hays Advantage is a weekday program that brings indepth insight and analysis to important economic, market and policy issues.Hays has covered the U.S. economy and Federal Reserve for more than 20 years for various media outlets.


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