Should the Fed raise interest rates?

first_imgCUNA’s Mike Schenk debates fellow economist Steve Rick of CUNA Mutual Group.by: Adam MertzBy maintaining near-zero interest rates, is the Federal Reserve helping or hampering the economy?That question served as the basis for a stimulating one-hour debate between economists Mike Schenk of CUNA and Steve Rick of CUNA Mutual Group on the final day of the CUNA CFO Council Conference in New Orleans.Leaning heavily on a narrative indicating underlying “bifurcation” of the economy, and particularly weakness in construction and manufacturing sectors of the labor market, Schenk argued during his share of the point-counterpoint presentation that the Fed should stay the course, pushing off any interest-rate increase until 2017.An increasing interest-rate environment sows the seeds for a recession,” Schenk says.“Extreme caution is the rule of the day here, especially because the economy remains extremely weak, because labor markets have a long way to go, and incomes have not been increasing. continue reading » 11SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more