Thanks to the policies of the Federal Reserve, quantitative easing and both long- and short-term interest rate projections, Dr. Nick Perna is optimistic, although not enthusiastic, about U.S. economic growth over the next decade.
"We're going to scrape by," said Perna, the resident economist at Alloya Corporate Federal Credit Union in Warrenville, Ill., to attendees Wednesday at the Credit Union Association of New York's 2014 Economic Forum this week in Albany, N.Y.
"There will be ups and downs, but we will have enough momentum to move through it. But I would not rule out another period of low interest rates," Perna said.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
