SPEECH - In a speech Minehan said U.S. interest rates are low enough to stimulate the economy and bolster consumer spending in a "slow" recovery from recession. "This recovery will stay the course, however bumpy that might be right now," Minehan said to technology executives in Massachusetts. "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."

To read past central bank speeches use our