Don’t Give Up Gold: Disciplined Monetary Policy Can’t Fix Fiscal Risks - Axel Merk

Axel Merk of Merk Investments believes that despite the Federal Reserve's efforts under Chair Kevin Warsh to tighten policy and restore discipline, gold investors should remain cautious due to ongoing fiscal issues in Washington. He noted that while Warsh has advanced inflation control toward the 2% goal with a recent 25 basis point rate hike, effective monetary measures cannot fully offset poor fiscal management.