SaxoTV

Fed pursuing aggressively weaker USD policy: Jakobsen

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The main message from the Federal Reserve, says Saxo's Steen Jakobsen, was confirmation that it is aggressively pursuing a weaker US dollar policy. Although he says it won't save the world, he reiterates why a lower USD is so important for the global economy. Jakobsen also confirms that his view on central banks hasn't changed. "They are lost, totally lost," he concludes.