Bernanke: Economy better, but ...

Fed chairman says the economy is showing signs of stabilization, but added that the housing and labor markets are still not recovering.

...The head of the central bank, appearing before the House Financial Services Committee in his semi-annual testimony on the state of the economy, forecast a relatively sluggish recovery... Bernanke said the unemployment rate would be higher than preferred levels until at least 2012. But he added that steps taken by the Fed to pump money into the economy have started to pay benefits...

CNN Money: Bernanke: Economy better, but ...