Too soon to mull stimulus: Geithner

“I don’t think that’s a judgment we need to make now, can’t really make it now prudently, responsibly,” Geithner said in a taped interview with CNN.  According to a transcript provided by CNN, Geithner said the “biggest thrust” of the $787 billion package of spending and tax cuts signed into law earlier this year would take effect in the second half of the year.

He also said a programme that is setting up public-private partnerships to buy up toxic assets held by banks would likely see less use than had been expected a few months ago because the financial system had begun to stabilise.