James Arnold Sees Positive Side To Slightly Higher Interest Rates [INTERVIEW]

Thursday on The Chad Hasty Show, James Arnold, President of Lubbock's American Bank of Commerce joined the broadcast from the KFYO studio to talk about the South Plains economy, and what is in store for the near future.

Arnold and Hasty discussed several topics, including employment rates, home construction permits, the larger than anticipated cotton crop, and interest rate increases.

Borrowers would really like to see rates stay low obviously, so there's always going to be that push-pull, that little tension between people that borrow money and people that deposit money. But I think it bodes well for our economy to see growth and expansion and just a little bit of inflation, is really kind of some good tenets of a solid, sound economy.

Listen to the entire interview with James Arnold in the video above.

For more information on American Bank of Commerce, visit their website here.

The Chad Hasty Show airs weekday mornings live from 8:30 AM to 11:00 AM on News/Talk 95.1 FM and 790 AM, online at KFYO.com, and on the free RadioPup app. Follow Chad on Twitter via @ChadHastyRadio & KFYO Radio at @KFYO!