In the News: BNN

Bernanke is walking a tightrope when it comes to inflation, portfolio manager Axel Merk tells BNN

Talking with Canada's Business News Network (BNN), portfolio manager Axel Merk says:

"...

The [Fed] wants to have higher inflation expectations, and they will get those. They are working on it. The market doesn't take Bernanke seriously enough, just as the market didn't take [former Fed President] Volcker seriously enough in the early '80s; it took a while. But Bernanke wants higher inflation expectations, and he will get them.
[...]
'We know that Bernanke doesn't want to tighten [rates] too early […] he wants growth and with that inflation to be firmly established […] at the same time, he doesn't want the bond market to derail.' ..."