PLANO, Texas — The Fed is likely to raise key short term interest rates by election time, said economist Jeff Thredgold, who will present at Southwest Corporate's 31st Economic Forum October 28 and 29.
"The FOMC will be taking excess liquidity out of the economy, contrary to the last 10 months, and most of the housing pain will likely be behind us, which should give rise to consumer confidence," Thredgold said.
Self-billed as the "entertaining economist", Jeff Thredgold should have plenty of new material to work with when he addresses Southwest Corporate attendees regarding the future of the American economy after the 2008 presidential election.
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"Regardless of whether Obama or McCain emerges the victor, what the new president wants to do and what he can do are two different things," Thredgold said. "Policy changes will be limited by a large national budget deficit, likely to exceed $400 billion this year. There is just no wiggle room for aggressive spending on new programs."
Thredgold put in 23 years with $92 billion KeyCorp, where he served as senior vice president and chief economist. He is also a former member of both the Economic Advisory Committee of the American Bankers
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