In the News: Bloomberg

Merk Senior Economic Adviser William Poole tells Bloomberg that excessive regulation in the U.S. is slowing the economic recovery

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Poole, who warned of Fannie Mae’s and Freddie Mac’s risks years before the mortgage giants collapsed and who also supports higher capital requirements for banks, said Dimon had a valid point. Excessive regulation in the U.S. is slowing the economic recovery, Poole said.

'The issue is whether intellectual leaders across a wide variety of industries, think tanks can be persuaded,' Poole said. 'He’s thrown down the gauntlet. Now what is needed are detailed studies of the costs of regulations.'

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