Kevin Warsh, formerly a member of the Federal Reserve Board, has been nominated by President Trump to be the Chairman of the Federal Reserve. Trump has long been critical of current Chair Jerome Powell, even opening a Department of Justice (DOJ) investigation into the handling of cost overruns on the renovations of two Federal Reserve buildings. That investigation has now been closed, and the DOJ’s inspector general has referred the matter for further scrutiny. Warsh’s confirmation hearings have been delayed and have yet to be rescheduled. Retiring Senator Thom Tillis (R-North Carolina) had said he wouldn’t vote for Warsh, nor advance any Fed nominee, while the probe remained open. His vote was crucial because Republicans...
From WPI Consulting
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.