WASHINGTON — CUNA's Chief Economist Bill Hampel appeared onBloomberg TV this afternoon with Jay Mueller of Wells, Fargo Bank.They were asked about recent Federal Reserve actions to bolster thecredit markets.

Both economists agreed that the Fed's action on Bear, Stearnswas necessary to calm economic jitters, with Hampel calling whatit's done so far as “new and innovative.” He predicted further ratecuts from the Fed, noting that inflation worries are misplacedright now.

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