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Fed Seems Frozen at the Wheel Here, Bessent Says

DeFi Daily News by DeFi Daily News
June 30, 2025
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Fed Seems Frozen at the Wheel Here, Bessent Says
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US Treasury Secretary Scott Bessent talks about Federal Reserve policy and replacing Chair Jerome Powell. Bessent says the administration will be working on coming up with a candidate to replace Powell in the coming weeks. Bessent also says the Fed seems “a little frozen at the wheel here.” He speaks to Bloomberg’s Sonali Basak.
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Tags: Bessentbudgetbudget deficitCongress; U.S.DebtdeficitDepartment of the Treasury (U.S.)Donald TrumpfedFed PolicyFederal Reservefrozenjay powellMarketsPoliticsScott BessentSonali BasakStock market newsU.S. CongressU.S. Economyu.s. treasuryWheelwhite house
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