Scott Bessent Echoes CZ’s Media War Playbook In Explosive Attack on FT
US Treasury Secretary Scott Bessent accused the Financial Times of fabricating a story claiming he supported modeling Treasury-Federal Reserve (Fed) relations on the Bank of England (BoE) framework. The explosive denial comes after the FT published its report, citing unnamed financial industry executives. Bessent vs. FT and What It Means for Crypto Markets Bessent called the FT article “explicitly false” and said journalists ignored his direct, on-the-record rejection of the premise. The FT had reported that Bessent discussed tightening Treasury oversight of the Fed by adopting elements of the BoE’s model, including letter-writing mechanisms between the chancellor and the central…
