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Transcript: ED LAZEAR CHAIRMAN, COUNCIL OF ECONOMIC ADVISERS ED LAZEAR HOLDS A WHITE HOUSE NEWS BRIEFING ON THE 2007 ECONOMIC REPORT OF THE PRESIDENT
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- Washington Transcript Service
- Article date:
- February 12, 2007
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Washington Transcript Service
02-12-2007
WHITE HOUSE NEWS BRIEFING ON THE 2007 ECONOMIC REPORT OF
THE PRESIDENT
FEBRUARY 12, 2007
SPEAKERS: ED LAZEAR, CHAIRMAN, COUNCIL OF ECONOMIC ADVISORS
KATE BAICKER, MEMBER, COUNCIL OF ECONOMIC ADVISERS
[*]
LAZEAR: Thank you for being here.
Today, we roll out the economic report of the president for 2007.
My job is an easy one this year, because the economy is strong.
Last year's growth was stronger than the previous year. We saw growth
rates of about 3.4 percent. Unemployment is low. Real wages are rising
at a rapid pace. And the prospects for future wage growth remain very
good.
Inflation rates are ...