Scenes from the 2014 CUNA CFO Council Conference

The event concluded Wednesday in Las Vegas.

May 21, 2014
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Steve Rick CFO14

Steve Rick said there are two types of economists: Those who can’t forecast interest rates—and those who don’t know they can’t forecast interest rates.

“I’m in the second camp,” said CUNA Senior Economist Steve Rick—who proceeded Tuesday to offer his take on the future of interest rates.

In the short term, Rick said the Federal Reserve will raise short-term interest rates 1% per year for the next three years, starting in 2015—“probably next year at this time.”

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