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Fed says jobless rate to drop 'slowly'

FILE - In this May 24, 2008 file photo, the headquarters of the Federal Reserve Bank is seen at sunrise in Washington. The Federal Reserve says the unfolding recovery will probably be gradual, as modest growth keeps the nation's unemployment rate elevated over the next several years.(AP Photo/J. David Ake, file)

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Fed says jobless... FILE - In this May 24, 2008 file photo, the headquarters of the Federal Reserve Bank is seen at sunrise in Washington. The Federal Reserve says the unfolding recovery will probably be gradual, as modest growth keeps the nation's unemployment rate elevated over the next several years.(AP Photo/J. David Ake, file)
Saab future uncl... FILE - In this Feb 23, 2009 file photo, the logos of Saab and General Motors, GM, are seen in front of a car dealer in Stuttgart, Germany. General Motors Co. said Tuesday, Nov. 24, 2009, a Swedish specialty car maker has ended plans to buy GM's Saab brand.(AP Photo/Thomas Kienzle, file)
Reports on GDP a... In this Sept. 3, 2009 photo workers build a new commercial building in Warrensville Heights, Ohio. The economy grew at a 2.8 percent pace last quarter, as the recovery got off to a slower start than first thought. (AP Photo/Tony Dejak)
Reports on consu... In this Monday, Nov. 23, 2009 photo, Specialist William Brazer works at his post on the floor of the New York Stock Exchange. Slow consumer spending, weakness in commercial construction and the nation's trade gap all likely contributed to the lower growth expectation on Tuesday.(AP Photo/Richard Drew)
CPSC chief pledg... This undated handout photo provided by the Consumer Product Safety Commission, shows a drop-side crib by Stork Craft Manufacturing of Canada. More than 2.1 million drop-side cribs by Stork Craft Manufacturing of Canada are being recalled following reports of four infant suffocations. The CPSC said the recall involves 1.2 million cribs in the United States and almost 1 million in Canada, where Stork Craft is based. (AP Photo/Consumer Product Safety Commission)
Crude prices sin... FILE - In this Sept. 19, 2007 file photo, an oil pump is seen at dusk in Sakhir, Bahrain. Oil prices fell below $76 a barrel Tuesday, Nov. 24, 2009, with new data showing a slow U.S. economic recovery and consumer confidence that remains lukewarm at best. (AP Photo/Hasan Jamali, File)
Heinz 2Q profit ... FILE - In this Aug. 19, 2009 file photo, Heinz Organic Tomato Ketchup bottles sit on the shelf of the Heinen's grocery store in Bainbridge Twp., Ohio. H.J. Heinz Co. said Tuesday, Nov. 24, 2009, its second-quarter profit dropped 16 percent from last year as the company's results were hurt by currency shifts. (AP Photo/Amy Sancetta, file)
US Airways defer... FILE - In this Oct. 26, 2009 file photo, a US Airways plane takes off from Miami International Airport in Miami. US Airways is delaying delivery of 54 Airbus jets until at least 2013 as it tries to bolster its financial strength Tuesday, Nov. 24, 2009.(AP Photo/Wilfredo Lee, file)
Top 2 bookseller... FILE - In this May 18, 2009 file photo, a customer reads magazines inside the Barnes and Noble store in Tallahassee, Fla. Barnes & Noble said Tuesday, Nov. 24, 2009, it posted a wider loss in the second quarter because of costs for an acquisition.(AP Photo/Phil Coale, File)
Wall St weighed ... Phones hang from a trading terminal on the floor of the New York Stock Exchange
U.S. Q3 economic... Pedestrians are reflected in the glass side of the John Hancock Tower in downtown Boston
FDIC fund falls ... Signs explaining Federal Deposit Insurance Corporation (FDIC) and other banking policies are shown on the counter of a bank in Westminster
Rajaratnam denie... Galleon hedge fund partner Rajaratnam is escorted by FBI agents after being taken into custody in New York
GM's Saab sale c... The new Saab 95 is pictured at the Frankfurt International Auto Show IAA in Frankfurt
Heinz, Hormel op... Variety of Heinz products are seen at convenience store in Golden

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