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

WASHINGTON, June 22 (Reuters) - 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."

(Reporting by Andrea Shalal, Editing by Rosalba O'Brien)