Boston Fed's Minehan warns of slow recovery

Cathy Minehan, president of the Federal Reserve Bank of Boston, said on Friday 14 January that businesses continue to hoard cash, making the current economic recovery among the weakest of the past half-century if measured by job growth.

Minehan spoke at the annual meeting of the Mass Software Council in Cambridge, and echoed remarks made two days ago before a gathering of the Connecticut Business & Industry Association.

"Never in post-war history has it taken us this long to recover the jobs l

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