White House's Lazear: Stocks slide not alarming

Top White House economist Edward Lazear on Thursday 9 June played down concerns about recent declines in U.S. stock prices and weakness in the U.S. dollar.

"Volatility is not unusual in the stock market," Lazear told a conference call to discuss the release of new White House forecasts on the U.S. economy. "We don't think of this as being particularly alarming."

Lazear also said market forces were at work in the weakness in the dollar, adding that the administration was not alarmed at recent tr