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NAFCU, CUs at NY Fed today
NAFCU continues its series of meetings at Federal Reserve Banks today with Federal Reserve Bank of New York President John Williams. Senior members of the association's advocacy team and member credit unions will discuss issues facing the industry, including the outlook for the economy and interest rates, as well as faster payments.
NAFCU Executive Vice President of Government Affairs and General Counsel Carrie Hunt, Chief Economist and Vice President of Research Curt Long, and Senior Counsel for Policy and Research Andrew Morris will be joined by several member credit unions at today's meeting. The association previously met with presidents of the Federal Reserve Banks of Chicago, St. Louis, Boston, and Minneapolis.
Williams also currently serves as vice chairman of the Federal Open Market Committee (FOMC) – the Fed's monetary-policy setting arm – which last month cut interest rates by 25 basis points. In addition to closely monitoring the FOMC's decisions, NAFCU has worked for years with the Federal Reserve to make payments faster and more secure.
Later this year, NAFCU and its Board of Directors will meet with Federal Reserve Governor Michelle Bowman to share insights from the association's Annual Report on Credit Unions.
More information on the Federal Reserve and its regional banks is available here.