Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Washington
Fox News CUNA weighs in on markets economy
WASHINGTON (9/8/11)--Americans can expect a weak economy for the next three to four years, and a great deal of patience will be needed as the economic recovery continues to play out, Credit Union National Association Chief Economist Bill Hampel said in a Fox Business Channel interview.

Hampel noted that the economic recovery seems to have reached a flat point, with the weak growth of last year stalling. He added that no one really knows whether the economy is going to fall back into another recession or start growing again. While the slow pace of recovery may be trying, a slow recovery “is better than tanking,” he said. Stimulus, rather than austerity measures, could help the economy recover, but Hampel also noted that in the long run, the long-term growth of medicare and other programs must be addressed. In the short term, financial markets are reacting strongly to what happens in Washington, particularly to developments in fiscal and monetary policy, Hampel said.


RSS





print
News Now LiveWire
April is #NationalFinancialLiteracyMonth & @TheNCUA Chair Matz urges #creditunions to help members learn to manage/protect their finances.
1 hour ago
Fed. FI regulators' statmnts on compromised credentials/destructive malware #cybersecurity http://t.co/f4uTBDm1PU http://t.co/zP5Iw6VxZc
2 hours ago
Home prices rising faster than wages: @RealtyTrac #NewsNow #Market http://t.co/wa74mnw3Cu
4 hours ago
.@Nussle dropped by the @ACUMuseum recently. Read about his visit http://t.co/bYe8RRgYLP
5 hours ago
.@PCISSC issues new pen test guidelines for businesses to identify network vulnerabilities @CUinfosecurity http://t.co/ENeGTPSMjf
6 hours ago