Bernanke laments 'modest' US recovery

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The chairman of the Federal Reserve, Ben Bernanke, today (February 29) delivered his semi-annual monetary policy report to the US Congress.

Appearing before the Committee on Financial Services of the US House of Representatives in Washington, DC, Bernanke gave a mixed view of the country's economy, noting it suffered more than was expected but there were areas of improvement.

"The recovery of the US economy continues, but the pace of expansion has been uneven and modest by historical standards,"

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