A U.S. Economy and Monetary Policy Update

U.S. Federal Reserve Board Governor Lael Brainard discussed the current state and outlook for the U.S. economy on Wednesday, September, 12.

“Overall national growth in the second quarter was strong,” said Brainard. “GDP increased at a 4.25% annual rate in real terms, which is a very rapid pace nine years into an expansion. Looking ahead, it looks likely that growth will remain solid. Confidence is high. The labor market is also strong.”

Although the economy is doing well, Brainard cited cybersecurity as a potential risk as it is the resilience of the U.S. payment system.