Bernanke: Concerned about slow growth by Ronald D. Orol

WASHINGTON (MarketWatch) - Federal Reserve Chairman Ben Bernanke said Monday that he is not expecting a recession but that the central bank's is concerned that growth will continue at a pace that is insufficient to put people back to work. "If the economy is growing at trend or below trend that is just enough to provide jobs for new people coming into the labor force. It does nothing to eat into the backlog of the unemployed. Our unemployment rate of 8.1% is currently about the same it was in January. We are not really making progress," Bernanke told the Economic Club of Indiana in Indianapolis in response to a question after he attempted to answer some of the fierce criticism and public unease facing the Fed's third round of bond purchases, known as quantitative easing or QE3.