Ben Bernanke: High unemployment rate to persist, even as economy revives

Ben Bernanke said on Capitol Hill Wednesday, the pace of the US economy 'will pick up in coming quarters.' But the unemployment rate will decline slowly, he said, citing 'headwinds.
 

Federal Reserve Chairman Ben Bernanke testifies before the House Financial Services Committee hearing on 'Monetary Policy and the State of the Economy' on Capitol Hill in Washington on July 13.

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