Jawboning--The next stimulus?

Talk it up! Christina Romer from the Obama admininstration warned against tightening monetary and fiscal policy, until a recovery was "well established" and that stimulus was “going to ramp up strongly through the summer and the fall”. She also said “We do not want to repeat the mistake Japan made in the 1990s, when the moment things started to improve they tightened policy.”

On the other hand, Obama senior advisor David Axlerod, said on the Sunday television circuit, that the administration would be open to more stimulus--“Let’s see in the fall where we are, but right now we believe what we have done is adequate to the task. If more is needed, we’ll have that discussion.”