[European Officials Discuss Pooling Dollars to Reduce Dependence on the Federal Reserve] On November 14, European financial stability officials are discussing whether to create an alternative funding support mechanism to the Federal Reserve, pooling dollars held by central banks outside the United States. The Federal Reserve's existing mechanism provides dollar loans to other central banks, ensuring global financial stability during periods of market stress. However, several European central bank and regulatory officials are concerned that these mechanisms could be 'weaponized' by the Trump administration. Although related concerns increased in April, they were subsequently alleviated following assurances from the Federal Reserve. Officials pointed out that pooling dollars faces practical challenges and may be difficult to achieve. A White House spokesperson stated that Trump has repeatedly reaffirmed his commitment to maintaining the strength and influence of the dollar.
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더보기 >The fear in the cryptocurrency market has reached its lowest point since March
The cryptocurrency market is in a state of extreme fear, reaching its lowest level since March, with Bitcoin prices hovering around $100000, while gold and silver have risen after the shutdown. （Cointelegraph）
美联储穆萨莱姆：当前政策接近中性，宽松空间有限
[Federal Reserve's Mussailem: Current Policy Approaches Neutral, Limited Room for Easing] Federal Reserve's Mussailem stated that current monetary policy is closer to neutral rather than tight, with limited room for further easing. He pointed out that the inflation rate has reached 3% and emphasized the need to maintain pressure on inflation above the target while supporting the labor market, stressing the importance of acting cautiously in the future.
美联储哈玛克：货币政策需保持紧缩以压制通胀
[Federal Reserve's Hammack: Monetary Policy Needs to Stay Tight to Curb Inflation] Federal Reserve's Hammack stated that although the U.S. dollar is not a core topic of discussion for the central bank, the weakening of the dollar this year is not a cause for concern. She pointed out that the dollar has started to weaken from an extremely strong position, bringing it closer to fair valuation and making it more reasonable compared to other currencies. Hammack emphasized that interest rate policy should remain restrictive to exert downward pressure on the still concerning inflation levels and bring inflation back to target levels. She remarked that this is a challenging period for monetary policy, as the Federal Reserve must navigate the dual mandate of addressing both inflation and employment challenges.
白宫官员：美政府“停摆”或致私营部门损失6万个岗位
[White House Official: U.S. Government 'Shutdown' Could Lead to Loss of 60,000 Private Sector Jobs] On November 13 local time, White House National Economic Council Director Kevin Hassett stated that due to reduced output, the U.S. government 'shutdown' could result in the loss of 60,000 private sector jobs. Hassett noted that the latest estimates from the Council of Economic Advisers indicate that the economic losses caused by the 'shutdown' could reach as high as $15 billion per week. He also mentioned that in the coming weeks, labor market conditions will be further assessed through employment reports and unemployment claims data, and overall employment data is expected to be released soon.
Bitcoin derivative activity may need to recover to pre crash levels in two quarters
Bybit Derivatives Operations Director Max Xu stated that the Bitcoin derivatives market lost $19 billion in open contracts during the October 10th crash and may take two quarters to recover (Decrypt).