Selasa, 10 Maret 2009

House speaker urges 'confidence' to boost economy

House Speaker Nancy Pelosi said confidence by lenders, investors and borrowers is the key missing ingredient holding back a rebounding of the shakey US economy.

"The word of the day is a word that is important to our economy every day, and that word is confidence," she told reporters after meeting with several leading economists.

"Confidence in market, confidence in lending, confidence in financial institutions."

"It's clear we have to stabilize the financial institutions," added Pelosi, the top Democrat in the US House of Representatives.

Lagging investor confidence sent US stocks to a 12-year low Monday, but stock prices surged Tuesday, after beaten-down financial giant Citigroup offered an upbeat earnings outlook.

Pelosi said President Barack Obama was "turning around the ship of state (but) it takes time."

One of the economists at the meeting, Mark Zandi, chief economist and co-founder of Moody's Economy.com, endorsed the 787 billion dollar stimulus packaged passed by Congess last month, calling it a "good package."

"It's large, it's well designed," he said, adding that he thought its impact on the job market would be evident by mid year.

Tidak ada komentar:

Posting Komentar

 
Kampanye Damai Pemilu Indonesia 2009-Tukang Nggame-Joomla Tutorial