President-Elect Joe Biden has started the process of naming cabinet nominees, beginning with the top agencies of Treasury and State. Janet Yellen will be nominated to be Secretary of the Treasury. The equity markets reacted favorably as she is a respected and known entity among the names that were floated. It gave the financial sector a boost in confidence. She was Chair of the Federal Reserve from 2014 to 2018 and was Vice Chair from 2010 to 2014. Previously, she was the head of the President’s Council of Economic Advisors during the Clinton Administration and during the late 1970’s she was a staff economist at the Federal Reserve. She was chairman when the Fed started the incremental interest rate increases in December of 201...
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.