Economist Steen Jakobsen says Fed rate rises will drive demand for credit

By Mark Mulligan
Updated December 18 2015 - 9:13am, first published 8:28am
Saxo Bank's chief economist Steen Jakobsen believes Australia is on the right economic path under Malcolm Turnbull.
Saxo Bank's chief economist Steen Jakobsen believes Australia is on the right economic path under Malcolm Turnbull.

The US Federal Reserve's first rate rise in almost a decade should actually fire up credit demand and bank lending, delivering much-needed inflation to the world's largest economy, according to a Danish economist best known for his sometimes tongue-in-cheek "outrageous predictions".

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