Printing cash ‘much more important to US economy’ than president

US Federal Reserve chairman Ben Bernanke is far more important to the US economic recovery and the markets than the US President, says John Mennis, a London-based stockbroker with Investec.

“At the very minute the president is probably important to the economy. But these are extraordinary times. Bernanke’s ability to print money is much more important to the US economy,” says Mr Mennis.

The outcome of the US election was still unclear as this article was written, but there was a view that a repeat of the 2000 US election fiasco would have dire consequences for the markets.