Questionable Report About Trump’s Federal Reserve Commitment

Jinshi News reported a claim on January 18 that US Treasury Secretary “Bessenter” announced Trump’s commitment to Federal Reserve independence, mentioning potential Fed Chair candidates. However, this lacks validation.

The unverified statement raises questions about the accuracy of information disseminated regarding US economic policy and highlights challenges in ensuring media reports align with credible sources.

Trump’s Federal Reserve Allegiance Questioned Amid False Claims

The report attributed to “Bessenter” claims Trump supports the Federal Reserve’s independence and proposes four candidates for the Fed Chair position. No individual named Bessenter matches any known US Treasury Secretary. This uncertainty casts doubt on the report’s authenticity. Observers emphasize the importance of maintaining Federal Reserve autonomy amidst political pressures. Janet Yellen warns of fiscal dominance constraints if US debt continues to rise unchecked.

Experts and market analysts have expressed skepticism due to lack of evidence from reliable sources confirming the report. Yellen’s previous remarks on fiscal dominance highlight ongoing challenges for the Federal Reserve, with a debt-to-GDP ratio at 120%.

Janet Yellen, Former Treasury Secretary and Fed Chair, said, “Fiscal dominance constrains the Federal Reserve’s ability to pursue its objectives effectively.” Fortune

Cryptocurrency Market Overview: Ethereum Trends and Concerns

Did you know? Yellen’s tenure included addressing similar pressures from Trump, reflecting historical struggles for the Fed’s independence.

As of January 18, 2026, Ethereum (ETH) is trading at $3,336.33, with a market cap of $402.68 billion and market dominance of 12.48%, according to CoinMarketCap. Its 24-hour trading volume stands at $12.36 billion, despite a 33.51% decline. The cryptocurrency shows a 0.88% increase within the past 24 hours, while its 90-day performance experienced a notable decline of 17.31%.

Coincu analysts stress the need for clear communication from financial authorities to prevent misunderstandings impacting market stability. Yellen’s caution on fiscal policy continues to resonate with financial observers, particularly regarding the Fed’s delicate balance between autonomy and political influence.