Listen to William Poole in this Bloomberg exclusive, “I don‚Äôt think independent can mean the Fed can do whatever it wants under any circumstance…”

How do you diversify when all asset classes are moving in tandem?

European Central Bank President Trichet was less at ease at its monthly press conference; this may well be a reflection that the economic recovery may take longer, require more action and such actions may cause as many problems as they solve. To put up a brave face, …

The U.S. has had to do a lot of borrowing to pay for its programs, and IOUs are stacking up. But so much government borrowing is pushing interest rates up higher. Public Radio’s Bob Moon asks Axel where this may all lead to.

Today, the Administration is sharing its vision for the future of the financial system. To us, it seems more like a job creation program for Lawrence Summers, the Director of the White House’s National Economic Council.

The Federal Reserve was served a subpoena from a Congressional committee Tuesday, as lawmakers demanded documents related to Bank of America’s acquisition of Merrill Lynch. In our view, this is a symptom of more trouble for the Fed to come.

Chrysler’s asset sale to Fiat was delayed by the U.S. Supreme Court. Justice Ruth Ginsberg issued a one-sentence order stating the sale is “stayed pending further order.” All law abiding citizens – rejoice!

German Chancellor Angela Merkel caused a stir when warning the European Central Bank not to engage in asset purchases. She has received a lot of attention as it is an unwritten rule not to infringe on the independence of central bankers. We be believe it is not only appropriate, but also her duty to speak out.

“The current account deficit is down as we are less reliant on foreigners to finance our deficits;… ” This statement by Fed Chairman Bernanke is so troublesome, let’s examine it a step at the time.

Read former St. Louis Federal Reserve President William Poole’s speech presented to the CFA Society of San Francisco.