RATE RECOMMENDATIONS:
UNITED STATES:
In the United States, where some long-term measures of inflation expectations have increased and the labour market has stabilised earlier than expected, the start of normalisation should not be delayed beyond the last quarter of 2010. Policy interest rates should be well above half-way to neutral by end-2011, but the path of convergence to full normalisation would have to accelerate if long-term inflation expectations were to drift up further.
OECD now:
The global economic recovery is proving slower than projected and policy makers may need to extend or bolster stimulus programs to support it, the Organization for Economic Cooperation and Development said.
...
If the slowdown is temporary, then policy makers should postpone the withdrawal of monetary support for a few months, while maintaining plans to cut fiscal deficits to reassure investors, the OECD said. If growth is threatened for longer, then central banks may need to buy assets and commit to near- zero interest rates for a long period and governments may need to delay budget cuts, it said.
Our business discourse is so absurd. "Reassure investors."