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The market reaction was probably exaggerated by surprise because the announcement followed a number of published reports that the White House had decided to reappoint Volcker. Volcker's tenure at the Fed began under the cloud of major inflation under Carter with consumer prices rising more than 10 per cent annually and the prime interest rate ... This proposed project is motivated by the rapidly growing interest in biofuels in Vermont and across the U.S., the promising potentials of biodiesel for providing renewable energy and improving farm profitability in Vermont, and the great need for information on the economic feasibility for Vermont farmers to grow oilseed crops and produce biodiesel.
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