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
Through the snow, be on the lookout for a @CU4Kids @CMNHospitals @COOPFS billboard in @TimesSquareNYC this week
2 hours ago
.@CUNA , trades unite to urge Congress on #datasecurity action http://t.co/gzmZGX9nfF
5 hours ago
State of Wash. @dficonsumers has expanded its CAMEL ratings to include an "S" for interest-rate sensitivity.
5 hours ago
.@HUDgov tweets: Be sure to tune in tonight to watch @SecretaryCastro on @TheDailyShow with Jon Stewart http://t.co/B1L23NQaoJ
5 hours ago
.@NJCUL Southern Chapter meeting canceled due to the impending snowstorm
6 hours ago