WASHINGTON, DC (June 6, 2016) — National Association of Federal Credit Unions (NAFCU) Chief Economist Curt Long issued the following statement in response to Federal Reserve Chair Janet Yellen’s speech at the World Affairs Council of Philadelphia.
“Chair Yellen’s comments were guardedly optimistic,” said Long. “Nevertheless, she noted the numerous sources of uncertainty that the FOMC will be considering at its policy-setting meeting later this month. Moreover, she made no indication that policy move is likely ‘in the coming months’ as she did previously. Where the next rate hike is concerned, it appears that June is effectively off the table and July is looking more doubtful.”
The National Association of Federally-Insured Credit Unions is the only national trade association focusing exclusively on federal issues affecting the nation’s federally-insured credit unions. NAFCU membership is direct and provides credit unions with the best in federal advocacy, education and compliance assistance. For more information on NAFCU, go to www.nafcu.org or @NAFCU on Twitter.
