WHITE HOUSE SAYS U.S. MONETARY POLICY CORRECT The White House, distancing itself from remarks by the administration's budget chief, said the Federal Reserve's current course of monetary policy was appropriate. "The administration feels that the current course of monetary policy is appropriate," White House spokesman Marlin Fitwater said. Fitzwater said the administration did not endorse remarks by White House budget chief James Miller, who said he was concerned the Federal Reserve might overreact to the decline in the value of the U.S. dollar by raising interest rates. More