For some members, unstable home values, job insecurity and volatile stock market fears may be more of a concern than rates at their credit unions.
Fed chair to address Senate today, House on Wednesday in semiannual report to Congress.
According to a Monday release, Rep. Ron Paul’s (R-Texas) Audit the Fed bill is expected to receive a House floor vote later this month.
The Federal Open Market Committee on Wednesday maintained the federal funds rate at a range of zero to 0.25%.
Sluggish economic growth cited in decision to leave overnight rates near zero.
As members continue to navigate in an economy still balancing on an unsteady tightrope, high unemployment and inflation may be the major drivers behind the Federal Reserve Board’s decision to raise interest rates.
The Federal Reserve increased its projection of growth this year to between 3.4% and 3.9%, according to the minutes of its January meeting, which were released today.
Credit unions seem to be gaining new stature in the Federal Reserve system based on new overtures from at least one key district bank, CU officials reported.
The Federal Reserve System seems at last to be acknowledging credit unions as important economic players based on new inquiries about district data, according to NAFCU's top economist.