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Its not at the level of a proclamation but the big guns at the Federal Reserve and economic advisors are pretty sure the worst is over. So says Vice Chairman of the Federal Reserve, Donald Kahn and New York Fed chief William Dudly. Even the tough guy, Paul Volker, is saying the economy's rate of decline is set to slow down.

The Fed has slashed interest rated from a peak of 5.25% to a range of zero to .25% in December. Fed officials say that there is a lag time between interest rate cuts and the effects of these cuts on the overall economy.

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Big guns at the Federal Reserve say we have seen the worst originally appeared on BloggingStocks on Mon, 20 Apr 2009 17:00:00 EST. Please see our terms for use of feeds.

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