In the News: CNN Money

Portfolio manager Axel Merk tells CNNMoney it was unrealistic to expect Bernanke to announce a change in policy at this stage

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'I don't think they're under the illusion that another round of easing will boost economic growth,' said Axel Merk, president of Merk Investments. 'Interest rates are already so low, the marginal benefit you get from additional money has diminished.'[...]Merk said it was unrealistic to expect Bernanke to announce a change in policy at this year's meeting, especially with three Fed members dissenting on the latest policy statement..."