In the News: WSJ

Criticism of the Fed is making QE2 less effective, portfolio manager Axel Merk tells the WSJ

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'The criticism and resulting market reaction makes QE2 less effective,' said Axel Merk, a Fed critic who runs mutual funds focused on currencies. 'If the Fed wants to achieve the same goal, they have to print even more money. Of course, they can pursue the policy, but it'll be more expensive for everyone involved.'

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