Minehan: U.S recovering despite bumps

US - Federal Reserve Bank of Boston President Cathy Minehan said on Monday that the U.S. economy is recovering gradually although it has hit a few "bumps in the road."

"My own sense is that the recovery will proceed at the slow pace we're seeing for a while, with a gradual pickup in capital spending and employment growth through the end of the year," she told a conference sponsored by the I-495 Technology Corridor. The I-495 freeway surrounds Boston to the north, west and south.

Minehan, who