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

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Reuters

<div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img src="https://sa.kapamilya.com/absnews/abscbnnews/media/2021/reuters/06/23/20210622-health-coronavirus-powell.jpg"/><figcaption>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. <em>Graeme Jennings/Pool via Reuters</em></figcaption></figure></div><p>WASHINGTON - Congressional testimony from Federal Reserve Board Chairman Jerome Powell on Tuesday shows that President Joe Biden&#x27;s economic plan is working, a White House official said.</p><p>&quot;As you know, we do not comment on the Fed&#x27;s monetary policy decisions,&quot; the official said. &quot;But their updated forecasts last week reaffirm that President Biden&#x27;s economic plan is working and that America is on the move again, and Chairman Powell reiterated this today in his congressional testimony.&quot;</p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/06/03/21/philippines-prepared-for-us-fed-policy-adjustment">Bangko Sentral ng Pilipinas ready for any US Fed policy adjustment: Diokno</a></li></ul><div><strong>RELATED VIDEO:</strong></div><figure class="op-interactive"><iframe allow="autoplay; fullscreen" frameBorder="0" height="100%" id="ivsplayer01" scrolling="no" src="https://player.ivideosmart.com/ivsplayer/v4/dist/html/iframe-src.html?iframeid=ivsplayer01&amp;key=e8c22c015ca9eafa76f1e3edfa03c603&amp;spid=3001339&amp;vid=1662991" width="100%"></iframe></figure><div class="iwantbar">Watch more in <a href="//www.iwantv.com.ph/">iWantv</a> or <a href="//tfc.tv/">TFC.tv</a></div><div> </div>

<p>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.</p>

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.