Summary Box: Bernanke sees recovery sticking, although growth will be modest
By APWednesday, June 9, 2010
Summary Box: Bernanke sees recovery sticking
RECOVERY INTACT: Federal Reserve Chairman Ben Bernanke believes the unfolding recovery won’t be derailed by Europe’s debt problems and high unemployment in the United States.
PLUGGING ALONG, NOT SPRINTING: Bernanke sees the economy growing at a modest pace, meaning unemployment, now at 9.7 percent, will fall slowly.
BATON PASSED: Bernanke says the economy has made an important transition — from being powered by massive government stimulus to being supported by more spending from consumers and businesses.
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