Conservative economist and Heritage Foundation fellow Stephen Moore described the U.S. economy as “booming” during a January 27, 2026, interview, pointing to strong growth, easing inflation, and falling gas prices as evidence of expanding economic momentum. Moore cited preliminary estimates showing fourth-quarter economic growth approaching the mid-5 percent range, a level he characterized as extraordinary for a mature economy.

According to Moore, inflation continues to trend downward toward the Federal Reserve’s long-standing 2 percent target, easing cost pressures on consumers after several years of elevated prices. He also highlighted declining gas prices as a tangible sign of relief for households, noting that energy costs play a major role in shaping public confidence in the broader economy.

Moore further stated that median family income rose by approximately $2,500 over the past year, framing the increase as proof that economic gains are reaching working families. While official income data is typically released with a lag and can vary depending on whether households or families are measured, Moore argued that improving labor conditions and sustained growth are contributing to stronger take-home earnings.

The remarks reflect a broader optimistic assessment among conservative economists who argue that strong output growth, moderating inflation, and stable consumer spending point to a resilient economic outlook. Moore emphasized that sustained growth, rather than short-term stimulus, is key to maintaining prosperity and restoring long-term confidence in the U.S. economy.