Federal Reserve States Easing of Recession

The Federal Reserve reports the recession is easing and that the economic outlook has "improved modestly" since last month (March2009).
The worst of the recession -- in terms of lost economic activity -- could be past; although, weak sales and credit difficulties have forced businesses to continue to cut spending and lay off workers.
Against that backdrop, Fed Chairman Ben Bernanke left a key interest rate at a record low of between zero and 0.25 percent.