Bernanke: Recovery will be slow

Bernanke: Recovery will be slow
(01:23) Report Reuters Video

June 3. - Federal Reserve chairman Ben Bernanke says the weak labor market and the continued tightness of credit will slow the economic recovery's pace.

Federal Reserve Chairman Ben Bernanke told lawmakers on Wednesday (June 3) that data shows the economic contraction may be slowing, but unemployment will continue to rise for some time."We expect to see some growth -- not robust growth -- but some positive growth later this year," Bernanke said.Bernanke said he still anticipates that the economy will start its recovery later this year, but cautioned that "we will have a weak labor market for some time."
NOTE: Original sound only, no reporter narration.