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NAFCU Research: Beige Book reveals Fed believes inflationary pressures may last longer than expected

The National Association of Federally-Insured Credit Unions (NAFCU) Chief Economist and Vice President of Research Curt Long issued the following statement after the Federal Release released its latest Beige Book:

“The Beige Book mirrored Chairman Powell’s comments before Congress of a growing belief that inflationary pressures may last longer than once believed. Ongoing shortages in labor and materials are frustrating hopes that the economy would quickly return to normal,” said NAFCU Chief Economist and Vice President of Research Curt Long. “However, with the labor market still far from full employment, the Fed is unlikely to ease off the throttle.”

NAFCU

We provide credit unions with the best federal advocacy, education and compliance assistance in the industry. The National Association of Federally-Insured Credit Unions (NAFCU) is a direct membership association for federally insured credit unions. We are committed to representing, assisting, educating and informing our member credit unions to help them grow, and help grow the credit union industry. Over the years we have been able to build on our foundation, growing stronger with our members and steadfast in our beliefs and focus: providing unwavering federal advocacy, top-rated education, one-of-a-kind compliance assistance and supreme responsiveness. Why? Because we believe credit unions are the best and they deserve the best.  

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