News Alert: Bernanke warns of slow economic growth, high unemployment in coming years

	Wednesday, February 29, 2012 10:06:28 AM ECONOMY/BUSINESS NEWS ALERT Bernanke warns of slow economic growth, high unemployment in coming years Federal Reserve Chairman Ben S. Bernanke warned on Wednesday that the economy is likely to grow slowly and unemployment is likely to remain high in coming years despite recent bright spots in economic data. In prepared testimony to Congress, Bernanke acknowledged that the unemployment rate--now at 8.3 percent--has come down faster than anticipated. But he said several factors are likely to weigh on the economy. Bernanke noted that people's earnings are not increasing, that borrowers are having trouble getting loans, state and local governments are continuing to lay off workers, and continuing challenges from abroad, particularly Europe. Read more at: http://www.washingtonpost.com/business/economy/bernanke-economy-job-creation-likely-to-stay-sluggish/2012/02/29/gIQApu9BiR_story.html Or visit PostBusiness.com. SEND TO A FRIEND UNSUBSCRIBE E-MAIL CENTER GET HELP Washington Post Digital E-mail Customer Care 1150 15th Street NW Washington, D.C. 20071  ©2011 The Washington Post Privacy Policy