Bennett Lambasts Financial Times: Calls US Fed's Plan to Emulate Bank of England a Tabloid Fabrication

BlockBeats News, March 27th, The Financial Times of the UK reported earlier that U.S. Treasury Secretary Besent had discussed with market participants the strengthening of the U.S. Treasury's oversight of the Fed by drawing on elements of the Bank of England's model, which would disrupt the relationship between the Fed and the government. Currently, Trump has launched an unprecedented attack on the world's most important central bank.

In response to this news, Besent slammed The Financial Times of the UK, stating: "A thoroughly false report, FT has completely devolved into a gossip tabloid for market participants. Despite my public and explicit denial of ever advocating, discussing, or supporting using the Chancellor of the Exchequer-Bank of England charter as a blueprint for the Treasury-Fed relationship, FT reporters still concocted an article entitled 'Besent Praises Bank of England as a Model for Strengthening Fed Oversight.' These pitiful reporters clearly fabricated a story to give the impression that I and the Trump administration are working to restructure this relationship. Meanwhile, President Trump has launched an unprecedented attack on the world's most important central bank. In short, FT has completely fabricated a thoroughly false policy position for me and this administration. Aside from further promoting the malicious, erroneous 'institutional misalignment, confrontation' narrative, it is truly perplexing why they would damage their already compromised news credibility."