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BlockBeats News, November 14, European financial stability officials are discussing whether to create an alternative funding support mechanism to the Federal Reserve, pooling together the US dollars held by central banks outside the United States. Under the Trump administration, central banks in various countries have sought to reduce their dependence on the US. The relevant mechanisms of the Federal Reserve provide dollar loans to other central banks, serving as a lifeline during periods of market stress to ensure global financial stability. Interviews with more than a dozen European central bank and regulatory officials show that they are concerned these mechanisms could be "weaponized" by the Trump administration. European officials' concerns increased around April, but later eased due to assurances from the Federal Reserve. The practice of pooling US dollars faces practical difficulties and may not be feasible. A White House spokesperson stated that Trump has "repeatedly reaffirmed his commitment to maintaining the strength and influence of the US dollar." (Golden Ten Data)

ChainCatcher news, according to Golden Ten Data, Federal Reserve official Kashkari stated that economic resilience suggests a rate cut should be paused in October. Data shows that since the October meeting, the economic situation has remained stable. He does not have a strong inclination towards a rate cut in December.