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Home > About Us > In the News > Mar 02, 2009

In the News: Financial Times
The Fed may want inflation, portfolio manager Axel Merk tells the Financial Times.

"Analysts say that because it has been in the interest of other countries to have a strong dollar to export to US consumers, the US has got away with policies that would have been detrimental to the US currency had it not enjoyed haven status.

But Axel Merk, president of Merk Investments, says the actions of the Federal Reserve could stoke US inflation and ultimately undermine the dollar.

He believes that the Fed thinks a rise in inflation is a lesser evil than further falls in house prices.

'Reserve currency status has to be earned: at some point the abuse may come back to haunt the US. We are concerned about the dollar,' Mr. Merk warns."