Biden administration ‘monitoring situation’ with GameStop action, White House says



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White House press secretary Jen Psaki said on Wednesday that Treasury Secretary Janet Yellen and other members of the Biden administration were monitoring the huge measures taken by GameStop GME,
+ 104.47%
and some other actions. “Our economics team, including Secretary Yellen and others, are monitoring the situation. It’s a good reminder, however, that the stock market is not the only measure of the health of our economy,” Psaki said. .

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