But while economists urge patience, business people are not optimistic.
The Administration and many economists have been urging the committee to permit interest rates to fall further to stimulate the economy.
Early last year, many economists urged the Fed to cut rates to spur the economy.
Still, some very respectable economists are urging policy makers to let the good times roll.
Many other economists have in recent months urged higher public spending, even at the cost of a wider deficit, to revive the economy.
Still, some economists are urging American monetary-policy makers to let the good times roll.
On the other, economists are urging the Federal Reserve to ease rates further.
The auto maker's executives and economists urge the nation to curb the trade deficit.
The Government has so far refused to take any actions that economists, industrialists and some bankers have been urging it to consider.
But economists urged caution in their outlook because the credit card debts of consumers remain high.