Washington (CNNMoney.com) - Federal Reserve Chairman Ben Bernanke says he expects a continuing economic recovery – "but it won't feel terrific."
In an interview at a forum late Monday in Washington, Bernanke dodged a question about whether he fears a double-dip recession, saying "nobody knows with any certainty."
"But there seems to be a good bit of momentum in consumer spending and investment, so my best guess is that we'll have a continued recovery," Bernanke told veteran TV journalist Sam Donaldson. "The reason it won't feel terrific is because it's not going to be fast enough to put back 8 million people who lost their jobs within a few years. It's going to take a while."
He warned the unemployment rate will remain high "for a while," explaining, "that means that a lot of people are going to be under financial stress."