Limits of Monetary Policy Progressives in the U.S. House of Representatives led by the Squad’s Rep. Alexandria Ocasio-Cortez (D-New York) are proving how little they understand about economics. Their latest demand is that President Biden replace Federal Reserve Bank Chairman Jerome Powell with someone that will focus on eliminating climate risk and advancing racial and economic justice. Fortunately, the House plays no role in confirming the next chairman but sadly the demand reflects a problematic viewpoint. The role of the Federal Reserve is to conduct national monetary policy, supervise and regulate banks, maintain financial stability, and ensure banking services. The role of the Congress is address national policy issues such as t...
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...
From WPI Consulting
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.