Bernanke says pace of recovery has been ``extremely sluggish''
Federal Reserve Chairman Ben S. Bernanke said the pace of recovery from the recession has been ``extremely sluggish,'' while action by the world's central banks helped prevent another Great Depression.
Federal Reserve Chairman Ben Bernanke told Congress recently that he expected the US economic recovery to continue at a moderate pace, but he expressed concerns about weakness in residential and commercial construction as well as the ``quite weak'' labor situation that has lifted chronic unemployment to very high levels.