SocGen's Edwards: Central bank independence will be next casualty of political turmoil

Warns of 'inevitable' financial crash

Société Générale's bearish analyst Albert Edwards has said the "unelected and unaccountable" central bankers who caused the global financial crisis will be, and "should be", the next casualty of the current political landscape.

Permabear Edwards said central bankers would be "sacrificed at the altar" as political turmoil continues to shows no sign of waning. He said: "There is no recognition at all by central bankers that it may well be their own easy money and zero interest rate policies that are actually causing the stagnation in growth while at the same time wealth inequality surges to intolerable heights. SocGen's Edwards: Fed will be forced into 'more pronounced' tightening than market expects "Yellen et al will inevitably be sacrificed at the altar of political expediency as citizen rage explodes." ...