Newsroom
NAFCU anticipates Fed will provide clarity on monetary policy during annual conference
Today, the Federal Reserve Bank of Kansas City will host its 2021 Economic Policy Symposium “Macroeconomic Policy in an Uneven Economy” virtually. Participants from credit unions, central banks, and other financial market participants will discuss current economic issues and policy options.
The program’s full agenda can be found here; Federal Reserve Chairman Jerome Powell’s opening remarks will be livestreamed on YouTube at 9:00 a.m. Central.
One area where NAFCU expects to get more information is when the Federal Reserve will begin to taper asset purchases. The July Federal Open Market Committee (FOMC) meeting revealed that despite indicators of spurring economic growth, most of the participants felt the committee’s standard of “substantial further progress” toward the maximum employment goal fell short.
“There is growing pressure for Chair Powell to provide clarity on when and how the Federal Reserve will begin to taper asset purchases. The challenge will be to do so while avoiding signaling that a rate hike is imminent. Failure to do so could lead to market volatility and undermine credibility in the Fed’s average inflation targeting policy,” said NAFCU Chief Economist and Vice President of Research Curt Long.
NAFCU is currently seeking feedback to share with Federal Reserve Board Governor Michelle Bowman and senior Federal Reserve staff this December. This annual meeting is one of the many ways NAFCU works to ensure the voices and concerns of our members are heard and addressed.
Member credit unions are encouraged to share their thoughts on key issues to help inform that meeting through NAFCU’s annual survey; responses are due Sept. 17.
The results of the survey will be summarized in NAFCU's Annual Report on Credit Unions, which has previously been referenced by the Treasury Department.
Share This
Related Resources
Add to Calendar 2024-05-03 14:00:00 2024-05-03 14:00:00 Plan Sponsor Attitudes Toward Retirement Plan Management and Fiduciary Outsourcing About the Webinar In January 2024, Pentegra conducted a survey of retirement plan sponsors and their perspectives on retirement plan management and fiduciary outsourcing. The survey measured how sponsors are using fiduciary outsourcing to help better manage their retirement plans. It also captured their perspectives on what outsourcing does to help them better position their plans and drive improved retirement plan outcomes. Key Takeaways: What is the full scope of your responsibilities as a plan sponsor? What is fiduciary outsourcing and how does it work? How does fiduciary outsourcing help reduce workloads and minimize risk? How can a credit union best position its plan to drive improved outcomes? Register Here Web NAFCU digital@nafcu.org America/New_York public
Plan Sponsor Attitudes Toward Retirement Plan Management and Fiduciary Outsourcing
preferred partner
Pentegra
Webinar
Turning Lemons into Lemonade: Capitalizing in a Post-Banking Crisis Era
Strategy
preferred partner
Allied Solutions
Blog Post
Ensuring Safety and Soundness with AI
Management, Consumer Lending, FinTech
preferred partner
Upstart
Blog Post
Add to Calendar 2024-05-02 14:00:00 2024-05-02 14:00:00 Mastering Resilience in Incident Response Plans About the Webinar An Incident Response (IR) plan is crucial for guiding credit unions through major incidents efficiently and effectively. However, many IR plans lack resilience, making them less adaptable to the evolving threat landscape. Join us for our webinar Mastering Resilience in Incident Response Plans where DefenseStorm cyber experts Elizabeth Houser and James Bruhl will delve into the importance of resiliency within cybersecurity IR plans. Don’t miss out on the opportunity to learn how to: Ensure IR plan accessibility so that all team members with assigned roles are prepared for effective incident response. Conduct efficient and regular reviews to ensure roles and responsibilities are current, tools are relevant, and compliance requirements are met. Implement and utilize tabletops to regularly test the effectiveness of your IR plan. Enhance preparedness, efficiency, and confidence among responders. View On-Demand Web NAFCU digital@nafcu.org America/New_York public
Mastering Resilience in Incident Response Plans
preferred partner
DefenseStorm
Webinar
Get daily updates.
Subscribe to NAFCU today.