Recession over, but economy weak: Fed's Dudley

Fed's Lockhart sees "durable" economic momentum
The U.S. Federal Reserve's $600-billion bond-buying program launched last year helped solidify a shaky economic recovery, which despite headwinds is taking on durable momentum, a top Fed...

Fed official: recovery will be a 'very slow slog'
Americans should brace themselves for a slow recovery back to health after the recession ends, with unemployment likely to hit the double-digits, a Federal Reserve official said Friday.

Fed adds more punch to low-rate pledge
Central bank Chairman Ben Bernanke is betting that the Fed's increased transparency on rates will help spur more borrowing among businesses and consumers.

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