An economist with the Federal Reserve Bank of Chicago was in Iowa Friday to offer Iowans a glimpse into what the Fed does and his role in helping to formulate policy. David Oppedahl says the mid west economy is very much a tale of two cities.
“With the crop producers having very tight margins, a challenge in terms of their profitability with income down, but then the input costs being quite high, especially with fertilizer and diesel,” Oppedahl says. “The livestock side is looking much better with pretty good income there.”…