Fed chairman's testimony shows Biden's economic plan working: White House

Reuters

Posted at Jun 23 2021 09:15 AM

Fed chairman's testimony shows Biden's economic plan working: White House 1
Federal Reserve Chair Jerome Powell testifies during a U.S. House Oversight and Reform Select Subcommittee hearing on coronavirus crisis, on Capitol Hill in Washington, US, June 22, 2021. Graeme Jennings/Pool via Reuters

WASHINGTON - Congressional testimony from Federal Reserve Board Chairman Jerome Powell on Tuesday shows that President Joe Biden's economic plan is working, a White House official said.

"As you know, we do not comment on the Fed's monetary policy decisions," the official said. "But their updated forecasts last week reaffirm that President Biden's economic plan is working and that America is on the move again, and Chairman Powell reiterated this today in his congressional testimony."

RELATED VIDEO:

Watch more on iWantTFC