White House Says Janet Yellen 'Monitoring the Situation'
By Sabrina Siddiqui and Akane Otani
The White House is aware of the rampage in GameStop shares--and
says officials are keeping an eye on the recent frenzy in trading
"Our economic team, including Secretary Yellen and others, are
monitoring the situation," White House press secretary Jen Psaki
told reporters Wednesday.
Ms. Psaki added that the stock market's surge was a reminder of
how markets don't necessarily reflect the health of the overall
"It doesn't reflect how working and middle class families are
doing," she said.
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January 27, 2021 14:50 ET (19:50 GMT)
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