Treasury Department Demands Financial Times Retract Fed Oversight Story

The US Treasury Department demanded Friday that Financial Times retract a report about Treasury Secretary Scott Bessent's views on Federal Reserve oversight, calling the article's claims 'manufactured' and 'false' in a formal complaint to parent company Nikkei Inc. USD pairs could see volatility as markets assess potential confusion around Fed policy direction and Treasury-Fed relationships. Any perceived discord between Treasury and Fed typically creates uncertainty about monetary policy coordination.