News in Systemic Risk: Friday, August 15, 2025 (8:45 a.m. ET) August 15, 2025 Re-evaluating debt and deficits inducing high interest rates in the US (Davide Furceri, Carlos Goncalves, Hongchi Li; VoxEU) Where will win from Trump’s tariffs? (The Economist; The Economist) US Fed to cut rates in September and once more this year, say most economists: Reuters poll (Indradip Ghosh; Reuters) Japan’s Economy Records Modest Growth Despite Trade Uncertainty (Megumi Fujikawa; Wall Street Journal) Related Stories Yale Program on Financial Stability Presents Financial Crisis-Fighting Playbook Fed Official Michael Barr Provides an Inside Look at Crisis Response High School Students Visit Yale SOM for Introduction to Careers in Business and Economics
