The EU is considering integrating non-US dollar reserves in order to reduce dependence on the Federal Reserve.

According to reports, European financial stability officials are discussing a plan to integrate US-dollar reserves held by central banks outside of the United States to establish an alternative liquidity support mechanism to the Federal Reserve. The purpose of this move is to reduce reliance on the United States during the Trump administration. It is reported that the discussions are still at the working group level and have not reached the decision-making level of the European Central Bank, involving multiple central banks both within and outside the Eurozone. White House spokesperson Kush Desai stated that Trump "has repeatedly reaffirmed his commitment to maintaining the strength and influence of the US dollar."