Economists Say Time Needed More Than Stimulus

Washington, DC, June 14, 2011 -- Economists says the economy needs time more than anything else to heal.

An Associated Press survey of 38 economists shows that they believe the Federal Reserve should stay on the sidelines rather than provide more stimulus.

AP said the economists are lowering their forecasts for job creation this year to 1.9 million and and also expect lower economic growth, mostly due to high oil prices.

The economists said they expected the economy to expand at a 2.3% annual pace this quarter.