Lost in a sea of uncertainty. Full link to Fed chair Janet Yellen's speech. htt...

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Squawk / 06 June 2016 at 16:44 GMT

Steen Jakobsen

Chief Economist & CIO / Saxo Bank

Denmark

Lost in a sea of uncertainty.
Full link to Fed chair Janet Yellen's speech.
https://www.federalreserve.gov/newsevents/speech/yellen20160606a.pdf

She's clearly having problems both withdrawing hawkish Fed tilt on upside, and explaining why the labour market is dying on her....

Here is TODAY's Fed Labor market Index-- new low!

1y

fxtime

Thus dollar falls....and in consequence gold rallies. Yellen will not be concerned about either these moves.

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