The Minneapolis Federal Reserve Bank president said U.S. unemployment remains “disturbingly high,” yet cautioned economic recoveries after financial crises tend to be very slow.

Narayana Kocherlakota, during an audience question-and-answer session here Tuesday, said he expects an ongoing discussion on how policy can address the unemployment rate. He said the U.S. recovery will take time and further deleveraging must take place.

The Federal Reserve is being watched closely to see if it takes any additional actions in the face of a sagging U.S. economy. Federal Reserve Chairman Ben Bernanke in a speech last week left the door open for further steps, but didn’t provide details on what the central bank may do and when it may do it.

Kocherlakota was one of the three Federal Reserve presidents who dissented earlier this month from a decision by the Federal Open Market Committee to keep interest rates near zero until at least mid-2013.

Read the whole story: Wall Street Journal