US treasury department demands retraction of story on increased oversight of Federal Reserve
Treasury department said Financial Times article about Scott Bessent’s views on Fed oversight was ‘manufactured’ The US treasury department demanded on Friday that the Financial Times (FT) retract a report on treasury secretary Scott Bessent’s views on the Federal Reserve, accusing the newspaper of publishing “false claims” in a formal complaint escalated to the outlet’s parent company, Nikkei Inc. The email from treasury officials, addressed to senior editors at the FT and Nikkei, disputed multiple claims in the story and criticized the headline as misrepresenting the underlying reporting. Continue reading...