Krugman says too early to exit crisis measures

By KELLY OLSEN
10.14.09, 04:54 AM EDT

SEOUL, South Korea -- Central banks should fight the urge to raise interest rates until the global economy shows stronger signs of recovery and joblessness begins to decline, Nobel Prize-winning economist Paul Krugman said Wednesday.

"Under the best of circumstances we're going to have years before we return to anything that approaches reasonable levels of employment in the major advanced economies," Krugman told the World Knowledge Forum, an annual conference sponsored by a South Korean business newspaper.