Merk Senior Economic Adviser William Poole tells Bloomberg unpredictable Fed policy leads to economic inefficiencies and more market volatility
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'It ought not to appear that [Fed] policy comes from a coin flip, or is chosen from a table of random numbers,' Poole, senior economic adviser to Merk Investments LLC in Palo Alto, California, said in an interview. An unpredictable approach leads to 'economic inefficiencies and more market volatility,' he said..."