Statement on the National Economy

Today we received more good news for America's working families about our economy. In the first quarter of this year, the U.S. economy expanded at a robust 4.5 percent annual rate. Driven by high investment and vigorous consumer demand, America's expansion continues to grow steady and strong.

Strong growth, high investment, low inflation, and low unemployment are a winning combination and more evidence that we should stick with an economic strategy that has helped usher in a new era of prosperity for the American people.