News in Systemic Risk: Friday, January 24, 2025 (9:45 a.m. ET) January 24, 2025 Privacy-enhancing technologies for digital payments: mapping the landscape (Raphael Auer, Rainer Böhme, Jeremy Clark, and Didem Demirag; BIS) Financial conditions matter more than interest rates: A new framework for monetary policy (Ricardo Caballero, Tomás Caravello, and Alp Simsek; VOXEU) Trump's rate cuts 'demand' spells trouble for Fed - economists (Riley Steward; Central Banking) BoJ raises policy rate to highest level since 2008 (Jimmy Choi; Central Banking) Related Stories TIME: Leaders Must Learn the Art of Dealing with Donald Trump THE WASHINGTON POST: Do the facts support Trump’s claims? We asked AI. A New Application Structure and Other Updates from the GBS Program
