European Central Banks Explore Alternative to Fed Dollar Backstop
Published on: Nov. 13, 2025, 11:24 p.m. | Source: Devdiscourse
European financial stability officials are considering pooling dollars held by non-U.S. central banks to reduce reliance on Federal Reserve funding. This debate arises from concerns over the Trump administration's impact on global finance, including Fed independence and the potential weaponization of dollar facilities.
