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Midwest Economy & Manufacturing

  • Dynasty Banquents 4125 Calumet Avenue Hammond Indiana United States (map)

Meeting the Challenges

Mr. William Strauss, Senior Economist of the Federal Reserve Bank of Chicago, provided an analysis of the current state of the Midwest economy and its manufacturing sector in his fourth annual appearance before the Commission. A detailed review of the past year was followed by a forecast for the next three years, comparing the economic performance of Illinois versus other states in the Midwest and highlighting challenges and opportunities facing industry and the economy in general. At the Chicago Federal Reserve, Mr. Strauss has produced the monthly Chicago Fed Midwest Manufacturing Index, which estimated the Midwest's manufacturing output. His research papers have focused on such topics as our regional economy, the automobile sector and the trade-weighted dollar. Before the U.S. Senate, Mr. Strauss has presented testimony on manufacturing issues. Mr. Strauss currently teaches at the DePaul University Kellstadt Graduate School of Business and at the University of Chicago Graham School of General Studies.