Bernanke More Upbeat About Economic Prospects

Washington, DC, April 8, 2010--Federal Reserve Chairman Ben Bernanke was more upbeat Wednesday in his assessment of the economy than he has been in nearly three years.

Bernanke said in a Dallas speech that economic conditions are likely to continue to improve this year, and growth would be strong enough to slowly reduce the unemployment rate.

"If economic conditions improve, as I expect, we should see increased optimism among consumers and greater willingness on the part of banks to lend, which in turn should aid the recovery," Bernanke said.

Bernanke said inflation appears to be tamed in the near term and productivity is keeping costs low.

Two continuing problem areas, he said are weak bank lending and a stalled housing market.