Bernanke expects grim recovery but no double-dip recession

06/7/2010 | Google

Federal Reserve Chairman Ben Bernanke said he sees little risk that the U.S. will slip into a double-dip recession, but he expects growth to come slowly. He also said it will take some time to bring the unemployment rate down from 9.7%. "My best guess is we will have a continued recovery, but it won't feel terrific," he said. Bernanke also said European leaders are taking the right actions to deal with the eurozone's debt crisis.

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