Bernanke: Economy Still Struggling

Federal Reserve Chair Ben Bernanke said Monday that the economy is growing moderately, but still has a "considerable way to go to achieve a full recovery."

Persistent weakness in housing is one of the key factors slowing the economic recovery, said Bernanke, who spoke at the Southern Legislative Conference in Charleston, S.C.

He also pointed to bad commercial real estate loans on the books of banks as another factor hampering the recovery.

Source: Reuters News, Joe Rauch (08/02/2010)