St. Cloud Times — Given the current positive state of the local economy, St. Cloud State University economist King Banaian is considering revising his remarks of a possible recession made at the 2016 Winter Institute.
In February, Banaian said he was “queasy” about the optimism other national economists were exhibiting toward the U.S. economy.
But given Monday’s favorable reports of the national economy from Federal Reserve Chair Janet Yellen and recent results from the St. Cloud Area Quarterly Business Report, Banaian admits the data used to prepare his yearly outlook might have been a “little bit of a head fake.”
Read more: http://www.sctimes.com/story/money/2016/06/11/banaian-economic-prospects-2016-strong/85562524/
