90 at 9, Nov 17: Bernanke pledges low rates for longer; Hanover’s black hole

Posted on November 17, 2009 by

Check out this video - details the key news overnight in 90 seconds at 9am in association with ASB, including news US Federal Reserve Chairman Ben Bernanke spoke overnight about 'big headwinds' for the US economy, including weak bank lending and very high unemployment. Bernanke repeated that interest rates would need to remain low for an extended period, Bloomberg reported. That reinforced perceptions of further US money printing, which in turn kept the US dollar weak. The NZ dollar headed for 75 USc this ... Any comments?

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