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Federal Bank says Governor Walker is misusing statistics to promote growth

PHILADELPHIA, Pa. (WSAU-Wheeler News) - Officials with the Federal Reserve Bank of Philadelphia have accused Governor Scott Walker and other state groups of misusing a monthly index from its economist.

According to the bank, Governor Walker claimed in recent speeches that the state’s economy was second in the nation for economic improvement. That claim led to one group releasing an advertisement, thanking the governor for putting the state on the road to recovery.

A Senior Economist with the bank says the “Coincident Indexes” are being misread and have never been part of its calculated index and ranking.