Faster GDP growth needed: White House

Following are statements made Thursday as the Commerce Department’s initial estimate of U.S. gross domestic product for the first quarter of 2011 showed an annual growth rate of 1.8%. Read MarketWatch story about first-quarter U.S. economic growth.

• “Today’s report shows that the economy posted the seventh straight quarter of positive growth. ... While the continued expansion is encouraging, clearly, faster growth is needed to replace the jobs lost in the downturn.” — Austan Goolsbee, chairman of President Barack Obama’s Council of Economic Advisers.

Read Full Article from MarketWatch

- Posted: 2011-04-28 12:44:48

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