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Axel Merk highlights that the current market environment gives the Federal Reserve limited options. Merk also observes that Warsh is working behind the scenes during this period.
He suggests that the market will eventually understand how Warsh responds to economic developments.
Merk has previously commented on developments outside the U.S., noting the Dubai real estate market’s signs of recovery. He suggested this trend means investors view the Iran war as less significant for the market. Merk has also assessed state-level policy, observing that the California wealth tax could impact entrepreneurs with illiquid assets more than those with inherited wealth.