The White House is monitoring the GameStop stock situation

White House press secretary Jen Psaki confirmed that the White House is monitoring the wild and ever-changing situation with video game retailer GameStop's stock price during her daily briefing on Wednesday, telling reporters that US Secretary of the Treasury Janet Yellen and her team are watching what's going on, though there is no word on if any action will be taken.

Psaki said that their economic team "are monitoring the situation. It's a good reminder, though, that the stock market isn't the only measure of the health of our economy,"