The NCUA has released a new economic update on the regulator'sYouTube channel.Chief Economist John Worth's two-part segment posted Mondayfeatures an overview of key economic indicators and the NCUA'srecently proposed derivatives rule.
Worth's economic analysis covers rising interest rates and theresulting challenges for credit unions, as well as the recoveringhousing market, recent improvements in the labor market and solidconsumer confidence statistics.
The second segment features J. Owen Cole Jr., director of theDivision of Capital and Credit Markets in the Office of Examinationand Insurance, who discussed the proposed derivatives rule.
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