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Incredibly encouraging news:

But nearly half of the [67 economists surveyed by USA Today] � 44% � said that if they were on the Fed, they would vote to keep interest rates where they are. They say the economy is already showing signs of improvement, and cutting rates to the lowest level since 1958 could put too much stimulus into the pipeline and generate undesirably high levels of activity and inflation.

I'm sorry to say that I'm amazed that there are so many sound heads in the economics profession today. And more good news -- though much less surprising:

95% [of these economists] said deflation was "not very likely" to happen.

With the money supply racing ahead in May, this is a no-brain call.