NAFCU Chief Economist Curt Long statement on FOMC March minutes
WASHINGTON, DC (April 6, 2016) — National Association of Federal Credit Unions (NAFCU) Chief Economist and Director of Research Curt Long issued the following statement today in response to the Federal Open Market Committee’s March meeting minutes.
“The minutes from the FOMC’s March meeting reflect a growing gap in the performance and outlook of the U.S. economy compared to the global economy. While the committee managed to show a relatively united front in taking a wait-and-see approach to emerging risks in the global outlook, that may not be the case later in the year.
“If the domestic economy continues to advance at a moderate pace while global risks remain, we may see sharper disagreements between the hawks and doves on the appropriate monetary policy response later in the year.”
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.