In the News: Bloomberg

Merk Senior Economic Advisor William Poole tells Bloomberg that the Fed is damaging its credibility

"…
Bernanke should instead devote an entire speech to other issues that are holding back the recovery, such as tax policy and regulations, and make clear that the Fed is powerless to deal with them, Poole said.

'For the Fed to be doing these things that are extremely unlikely to have much current impact, it damages the Fed’s credibility,' Poole, a senior fellow with the Cato Institute in Washington, said in a telephone interview..."