News in Systemic Risk: Monday, January 11, 2021 (10 a.m. ET) January 11, 2021 U.S. Economic Outlook and Monetary Policy (Richard Clarida; Federal Reserve Board of Governors) Optimizing Credit Gaps for Predicting Financial Crises: Modelling Choices and Tradeoffs (Daniel O. Beltran, Mohammad R. Jahan-Parvar, Fiona A. Paine; Federal Reserve Board of Governors) Did the $660 Billion Paycheck Protection Program and $220 Billion Economic Injury Disaster Loan Program Get Disbursed to Minority Communities in the Early Stages of COVID-19? (Robert W. Fairlie, Frank Fossen; National Bureau of Economic Research) US climate finance is approaching a leapfrog moment (Sarah Bloom Raskin; Financial Times)