Wednesday, September 2, 2009

Economy's big driver still on sidelines, CUNA tells Reuters:

WASHINGTON (9/1/09)--Credit Union National Association Chief Economist Bill Hampel had the lead quote in an article widely distributed by Reuters Friday about consumer confidence and the pressure on households from falling housing prices and increasing unemployment, which translates to a reluctance to spend.

"The big driver of the economy is still on the sideline," Hampel told the news outlet. "The household sector is worried about the job market and until that shows some significant improvement, households are going to be pretty restrained," he said.

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