Ben Bernanke's term as chairman of the Federal Reserve is to end on 31 January 2014 and all indications are that President Obama will nominate a new chairman. This is a momentous occasion as we've had only two Fed chairmen in 27 years, while over the same period we've had five Presidents with economic agendas spanning from Ronald Reagan to Barrack Obama.The moment is bigger than just changing personalities at the helm of the Fed. It is a chance for a new and more effective approach toward monetary policy. Indeed, the restrictive Greenspan monetary policy and the accommodative Bernanke monetary policy, enacted at the most critical times during their respective chairmanships, were seemingly quite different. However, they were both rooted in...
As predicted, the Federal Reserve held rates steady at the last meeting before the midterm elections, likely in part because of the election (see WPI 19 October and 22 September). The decision comes at the tail end of a midterm election cycle that has been marked by the two parties campaigning...
From WPI Consulting
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.