90 at 9: Power firms profit gouging; Fed downgrades economic forecasts

90 at 9: Power firms profit gouging; Fed downgrades economic forecasts



Bernard Hickey details the key news from overnight in 90 seconds at 9 am, including a scoop in the Dominion Post that the major power companies have overcharged New Zealanders by NZ$4 billion or NZ$1,000 each in the last 6 years, while the US Federal Reserve downgraded its economic forecasts overnight and said it may increase its money printing.

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