8legs: European central bank

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ECB vice president: We still trust the Fed

De Guindos insists the ECB still trusts the Fed and expects continued cooperation on swap lines and dollar delivery for global financial stability.
De Guindos warns that politicizing the Fed could raise inflation and volatility, stressing the dollar’s role as a global stability anchor.
De Guindos asserts the ECB remains the main actor for guaranteeing financial stability in the euro area.
He notes Europe must build more independence from U.S. data storage and payments infrastructure.
De Guindos dismisses reports Europe is considering pooling dollar reserves to reduce Fed dependence.

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