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Article: ED LAZEAR HOLDS A WHITE HOUSE NEWS BRIEFING ON THE 2007 ECONOMIC REPORT OF THE PRESIDENT

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February 12, 2007
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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 lower than they ...

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