By Vicki Needham - 07/09/10 09:30 PM EDT
Although economists have raised concerns about a possible double-dip recession, Romer said this recovery is unique and unusual.
The economy is making a slower-than-expected recovery because "it is a recovery coming out of a financial crisis. It is a recovery coming out of a bubble and bust in our housing market," she said.
"So you don't have the normal drivers of recovery, like a big boom in your construction sector because this is an unusual recovery."
Romer noted that manufacturing is adding a boost to the economy on top of a growth in exports, investment and firms buying equipment and software.
"I think a vote of confidence in the economy. It is another source of demand," she said. "It's just different than what we've often seen."
The panel is expected to meet July 14.