Statement from National Economic Advisor Lael Brainard on GDP Growth

We learned this morning that the economy has grown by 3.2% per year during Biden-Harris Administration—even stronger than previously estimated—and better than the first three years of the previous administration. This strong economic growth and unemployment that is the lowest of any administration in 50 years is coming at a time when inflation has come back down and interest rates are declining. While we have more to do to lower costs for families, this progress is thanks to the President’s work to support families and small businesses—a stark contrast with Congressional Republicans’ failed approach of tax cuts for the wealthy and higher costs for middle class families.

###