Axel Merk(@AxelMerk):@BlakeFox7 @DiMartinoBooth The Fed can't change fiscal policy, but the Fed can stop being an enabler. It takes a while to turn that large ship. Changing the ample reserve regime will face tremendous resistance. Not going further down fiscal rabbit holes is already progress in my book.

Axel Merk

@AxelMerk

Founder Merk Investments. USD ~2.5bn in precious metals. Weekend rancher. tweets ≠ advice

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Axel Merk@AxelMerk

2026.08.19 14:58

@BlakeFox7 @DiMartinoBooth The Fed can't change fiscal policy, but the Fed can stop being an enabler. It takes a while to turn that large ship. Changing the ample reserve regime will face tremendous resistance. Not going further down fiscal rabbit holes is already progress in my book.