The U.S. Federal Reserve's balance sheet reduction plans are facing internal disagreement, with Governor Michael Barr stating that shrinking the balance sheet is a "wrong direction" and could threaten financial stability. This stance contrasts with the views of incoming Fed Chair Kevin Warsh, who has advocated for reducing the balance sheet to minimize market intervention. Additionally, China's Ministry of State Security issued a security alert regarding online cross-border shopping, warning consumers about potential hidden risks despite the convenience of "sea shopping." AI
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RANK_REASON The cluster discusses internal policy disagreements within the Federal Reserve and a security alert from a government ministry, rather than a direct policy action or release.