WASHINGTON — CUNA's Chief Economist Bill Hampel appeared on Bloomberg TV this afternoon with Jay Mueller of Wells, Fargo Bank. They were asked about recent Federal Reserve actions to bolster the credit markets.
Both economists agreed that the Fed's action on Bear, Stearns was necessary to calm economic jitters, with Hampel calling what it's done so far as “new and innovative.” He predicted further rate cuts from the Fed, noting that inflation worries are misplaced right now.
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