Federal Reserve: Recession Appears to be Ending

Posted By: The Ski Channel on August 12, 2009 12:09 pm

More good news comes from Washington today, as the Federal Reserve delivered a vote of confidence for the U.S. economy, saying that the recession appears to be ending.  The central bank also kept an important lending rate at a record low and said it would stay there for “an extended period.”  In addition, economic barometers are suggesting that the “economic activity is leveling out.”  Americans have been hoping for this news for awhile–and it comes at a great time for all you skiers and snowboarders, as the winter season is quickly approaching!!