In the News: Bloomberg

European policy makers benefit from a clearer focus on inflation than their U.S. counterparts, portfolio manager Axel Merk tells Bloomberg

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European policy makers benefit from a clearer focus on inflation than their U.S. counterparts, said Axel Merk, president and chief investment officer of Merk Investments LLC. He said inflation expectations are now rising in the U.S. because of 'easy money' from the Fed.

Merk praised Trichet for emphasizing that the ECB’s emergency measures are temporary and won’t change the bank’s underlying single mandate. He predicted that strategy would continue if Trichet is succeeded by officials such as Germany’s Axel Weber or Italy’s Mario Draghi.

'Central banking is not about being loved by the markets. Central banking is about pursuing price stability,' Merk said."