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Readings on core inflation have improved modestly in recent months.
Harvests have improved modestly in recent years, but rusting farm machinery is useless without spare parts or fuel.
Economic conditions have improved modestly since the Fed began its latest round of asset purchases last September.
The central bankers indicated that "some inflation risks remain" but also pointed out that "readings on core inflation have improved modestly this year".
Readings on core inflation have improved modestly this year, but recent increases in energy and commodity prices, among other factors, may put renewed upward pressure on inflation.
After moderating earlier this year partly in response to the substantial rise in energy prices, output growth appears to have regained some traction, and labor market conditions have improved modestly.
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The incidence of poverty has improved modestly over the recovery.
Consumer spending remains tepid, though it has improved modestly in recent months.
Japan's economy has improved modestly for the last five months, but recession-weary consumers remain hesitant to spend.
Mr. Santorum performed strongly in the Thursday debate and his standing has improved modestly in the polls.
Although the economic outlook has improved modestly since the March meeting, partly reflecting some easing of financial market conditions, economic activity is likely to remain weak for a time.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com