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Fed Candidates Cross a Line; Illinois Finds Its Way

By Advisor Perspectives
Financial Services

 

  • Lessons from Illinois
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  • The Fed’s New Face(s)?

 

Illinois is a median among U.S. states. Geographically, it sits in the middle of the country. Of the 50 states in the union, it was chronologically the 21st to enter. By land area, it is the 25th largest state, connecting the Great Lakes on its east to the Mississippi River on its west. Its population and economy have much in common with the rest of the country.

Like many states, Illinois must strike a balance between its urban core, Chicago, which contains the majority of its population; and the rural expanse that represents the majority of its space and natural resources. Its capital, Springfield, sits in the middle of the state, a three-hour drive from Chicago, assuming no traffic. The concerns of urban residents, like gang violence and public transit, are unfamiliar to those in the rest of the state. These differences in location and lifestyle are much like the gaps between New York City and Albany; Los Angeles and Sacramento; Miami and Tallahassee.

Read more at Advisor Perspectives.

Photo: Tyler Merbler

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