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Exclusive-European officials consider pooling dollars to lessen Fed reliance after Trump shocks
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Interviews with more than a dozen European central bank officials and supervisors show that they fear that the facilities of the US monetary authority can be transformed into weapons by the Trump government
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Exclusive-European officials consider pooling dollars to lessen Fed reliance after Trump shocks
By Elisa Martinuzzi, Balazs Koranyi, Stefania Spezzati, Mathieu Rosemain and Giuseppe Fonte (Reuters) -European financial stability officials are debating whether to create an alternative to Federal Reserve funding backstops by pooling dollars held by non-U.S. central banks in a bid to reduce their reliance on the U.S. under the Trump administration, five officials familiar with the matter said. The talks, reported here for the first time, are a…
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