Scott Bessent Echoes CZ’s Media War Playbook In Explosive Attack on FT

What: US Treasury Secretary Scott Bessent has launched a scathing attack on the Financial Times, denying a report that he supported modeling Treasury-Fed relations on the Bank of England framework.
Why: The denial comes after the FT published a report citing unnamed financial industry executives, which Bessent claims is fabricated.
Signal: Bessent's explosive response suggests a high level of tension between the Treasury and the FT, with the latter potentially facing reputational damage.
Target: The FT's reporting practices and credibility are under scrutiny, with Bessent's denial sparking a media war.
Risk: The escalating media conflict could lead to a loss of trust in the FT, potentially affecting its readership and advertising revenue.