Federal Bank Leaders Say Wyoming’s Economy is Recovering
CHEYENNE, Wyo. (AP) — Federal bank executives say while Wyoming's economy is stabilizing, it's too early to know what's in store in the future, especially with predicted challenges with its workforce.
Executives from the Federal Reserve Bank of Kansas City said during a Tuesday economic forum that the state's economy showed improvement last year after a multi-year slump that followed a drop in energy commodity prices.
Alison Felix, vice president and Denver branch executive, says economic indicators are still not quite what they used to be before the economic bust in late 2014.
Felix says things don't look too optimistic for the Wyoming's coal industry either.
Despite a coal production increase of about 4 percent in the last year, Felix says it may be not enough to spark an industry revival.