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But prices remain subdued.
Inflation prospects "remain subdued" he added.
So far rice prices remain subdued.
It also said it expects inflation to "remain subdued".
Notably, the FOMC expects inflation to remain subdued through 2012 even with these optimistic growth forecasts.
Economists at Royal Bank of Scotland foresee no rate increases until 2011 as growth and inflation remain subdued.
But economists believe the UK economy has lost momentum since the start of this year and will remain subdued over coming months.
It cautioned that Germany's medium-term growth prospects remain subdued against a weak international backdrop, lingering uncertainty about future energy costs and looming demographic changes.
For example, producer prices figures also released today confirmed that price pressures at the very start of the inflation pipeline remain subdued.
Auto loan rates remain subdued by Detroit, which needs concessions to move the metal.
But it warned the retail environment would remain "subdued" this year.
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