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Leading shares have moved higher after recent uncertainty, lifted by a revival in Deutsche Bank and rising commodity prices.
A Fed governor, Ben S. Bernanke, indicated on Monday that he expected that once the uncertainty lifted, the economy was likely to start growing, perhaps in the second half of the year.
"This Yellen news is one uncertainty lifted from already nervous markets".
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"Until that uncertainty lifts, consumers won't be able to go out and spend".
Once the uncertainty lifts, he thinks, potential clients will look for better value for money.The dragon awakesBut there are other worries.
Thomas's uncertainty lifts and he has a clear vision for the first time: "I had found Spring, and I was confident that I could ride home again and find Spring all along the road".
As a result, executives in one industry after another are postponing whatever spending they can until the uncertainty lifts and they have a clearer idea of how consumers are reacting to the crisis.
When the uncertainty lifts, or corporate executives learn how to live with it, then the economy may come back stronger than ever, rebounding from the sharp decline in part because Washington is moving aggressively to cut interest rates and to expand federal spending.
The committee believes that as those uncertainties lift, as most analysts expect, the accommodative stance of monetary policy, coupled with ongoing growth in productivity, will provide support to economic activity sufficient to engender an improving economic climate over time.
Today, as the shock wears off, the reality starts to sink in, and that dark cloud of uncertainty lifts.
If the American economy now stumbles again, neither Europe nor Japan look ready to take over as an engine of growth.Yet despite worries about the immediate impact of a war and higher oil prices, most economists still expect America's economy, along with its stockmarkets, to rebound once the war is out of the way and the associated uncertainty lifts.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com