Top officials with the Federal Reserve Bank of Philadelphia are warning Wisconsin Gov. Scott Walker, Wisconsin Manufacturers & Commerce and others that they are misusing a monthly index produced by its top economists. Walker in recent speeches has been touting figures from the “Philly Fed,” claiming they show Wisconsin’s economy as No. 2 in the nation. WMC has been using the same number in a series of advertising buys, thanking Walker for putting the state on the road to prosperity. But officials with the Philly Fed, who have been following the situation in Wisconsin, issued a statement Friday saying it’s a misreading of their "Coincident Indexes" to try and compare one state to another. Read more: host.madison/news/local/writers/mike_ivey/philly-fed-says-scott-walker-wmc-offer-misleading-data-on/article_5e385eb4-27c2-11e3-a3bf-001a4bcf887a.html#ixzz2gEs3x5d9
Posted on: Sun, 29 Sep 2013 01:00:27 +0000
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