The head of America's central bank expects the US economy to rebound in coming months.
Speaking to a banking conference in Atlanta, the Federal Reserve chairman Ben Bernanke said growth had been slower than expected this year but momentum would build in the second half of the year.
Mr Bernanke did not suggest the central bank was planning any further monetary easing, the BBC reports.
The latest economic news from the US showed employment growth slowed sharply in May.
Investors had been expecting 150,000 new jobs to have been created last month. Instead, growth was just a third of that number.
The jobs report was the latest of a string of weak economic releases.
