Bernanke: U.S. economy still needs the help of the Fed

Recovery rates of the U.S. economy after a deep and prolonged recession lower than expected, therefore, the economy is still in need of assistance by the Federal Reserve System, said Fed chief Ben Bernanke.

Despite the fact that the Fed kept key interest rates at record low level for two years, U.S. economic growth is just beginning to gain momentum, and the unemployment rate remains high. "The economy recovered in the order of magnitude slower than we would like" - quoted by Associated Press Bernanke.

Speaking at a conference at Princeton University, where the head of the Federal Reserve taught economics, he noted that the Fed's attempts to rebuild the economy and reduce unemployment to achieve their goals.

The Fed chief also said that the need to establish additional research mechanism aimed at studying the artificial inflation of the so-called "bubbles" in the economy. According to him, the study of such questions will enable authorities in determining financial policy, to avoid steps that would inevitably lead to crisis.