News in Systemic Risk: Wednesday, August 26, 2020 (10 a.m. ET) August 26, 2020 How Does the Liquidity of New Treasury Securities Evolve? (Michael Fleming; Federal Reserve Bank of New York) Unswervingly Fight the Critical Battle of Preventing and Defusing Financial Risks (Guo Shuqing; The People's Bank of China) The Federal Reserve needs the power to buy corporate bonds (Robert McCauley; VoxEU) China Will Maintain ‘Normal’ Monetary Policy, PBOC Says (Wall Street Journal) Fed Seen Holding Rates at Zero for Five-Years Plus in New Policy (Rich Miller; Bloomberg) Related Stories High School Students Visit Yale SOM for Introduction to Careers in Business and Economics Visiting Yale, Treasury Secretary Janet Yellen Hails Program on Financial Stability Program on Financial Stability Receives $7.5 million