In a Bloomberg interview, portfolio manager Axel Merk cautions the Fed may be jeopardizing its independence.
" 'What they [the Fed] are doing is not monetary policy,' said Axel Merk, who has moved the ... Merk Hard Currency Fund away from dollar assets... 'His credit programs are fiscal policies. They are inviting political scrutiny and jeopardizing independence. It is a very dangerous road to be on.' "