Kristen Welker: “President Trump said that the administration will give often…”

“I think it's going to come back down to the Fed's target this year. And we're working every day to bring it down. Mr. Secretary, I have to ask you about this announcement that President Trump said that the administration will give often forgotten American workers access to the same type of retirement plan offered to every federal worker, vowing, 'we will match your contributions up to $1,000 each year.' Can you tell me from a practical standpoint how will this work? Does it need congressional approval and is that possible in this election year? Well, we can do it through reconciliat.” (02:59–03:17)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.