News in Systemic Risk: Thursday, May 13, 2021 (10 a.m. ET) May 12, 2021 U.S. Economic Outlook and Monetary Policy (Richard H. Clarida; Federal Reserve Board of Governors) RBI announces Second Tranche of Open Market Purchase of Government of India Securities under G-sec Acquisition Programme (Reserve Bank of India) Who’s Ready to Spend? Constrained Consumption across the Income Distribution (David Dam, Davide Melcangi, Laura Pilossoph, Will Schirmer; Federal Reserve Bank of New York) Central banks in a shifting world: selected takeaways from the ECB’s online Sintra Forum (Philipp Hartmann, Glenn Schepens; European Central Bank) Consumer-price inflation in America jumps up to 4.2% (The Economist)