In the News: WSJ

Bernanke works on weakening the dollar, portfolio manager Axel Merk tells the WSJ

"Bernanke 'firmly embraces the dollar as a monetary policy tool,' said Axel Merk, president and chief investment officer of Merk Investments. Bernanke's approach differs sharply from the Delphic and sometimes impenetrable Greenspan.

Quantitative easing leads Merk to believe that Bernanke 'very much wants a weaker dollar. He doesn't state it explicitly but he embraces the tools for doing it.' "