Federal Reserve Chair Ben Bernanke held his second news conference of the year and of the central bank’s 97-year history following a Federal Open Market Committee monetary policy committee meeting. He said economic recovery is “continuing at a moderate pace, though somewhat more slowly than...expected.” He also said that some of the problems slowing the U.S. economy could continue into 2012. He later added that the pace of progress on unemployment remains “frustratingly slow” and called on budget negotiators to take a long-term to reduce budget deficits.