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The Guardian - US
The Guardian - US
World
Hugo Lowell

US treasury department demands retraction of story on increased oversight of Federal Reserve

A man on stage wags his finger.
The US treasury secretary, Scott Bessent, at the World Economic Forum in Davos, Switzerland, on 20 January 2026. Photograph: Gian Ehrenzeller/AP

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.

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