The announcement by the FOMC that the policy rate in the US is likely to remain accommodative until mid-2013 is more a statement about the weak outlook for the US economy, and the structural nature of this weakness, rather than a commitment about interest rates. Unfortunately the outlook is no better in the UK and the Eurozone.
Productivity If I may then ask, “What is the role of Rotaract in economic building, and perhaps on a wider scale, in nation building?” How are you going about executing this role? Productivity is an obvious way that your organisation can help lift the economy. I have talked at many productivity conferences.