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Monday, June 10, 2013

Economic Advisory Committee Press Conference

The Economic Advisory Committee (EAC) of the American Bankers Association, which includes 13 chief economists from among the largest banks in North America, presented their consensus findings at a press conference last Friday, June 7, 2013 .

The committee found that inflation-adjusted GDP growth for 2013 will be 2.1 percent over the course of the year, and is expected to increase to 2.8 percent in the first half of 2014.

Scott Anderson, Bank of the West Chief Economist and current chair of the EAC, lead the press conference, "We believe that the Fed should remain fairly cautious here as they see the continued improvement in the (economic) numbers."

Watch the full press conference.

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