We’re now seeing the end of central bank planning, say Saxo’s Steen Jakobsen and John Hardy

Saxo Capital Markets Australia

If anyone had thought that the Chair of the Federal Reserve Janet Yellen was going to calm the markets last week, they couldn't have been more wrong. And that proves what Saxo Bank's Chief Economist, Steen Jakobsen and Saxo's head of FX Strategy, John Hardy, have been saying for some time now: that central banks are no longer in control. In this interview Steen and John discuss why the markets no longer believe in central bank guidance, why the world has been relying on these bankers for too long and whether the moves towards negative rates will have any impact at all. Click the following link to watch this interview: (VIEW LINK)


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