News in Systemic Risk: Thursday, April 17, 2025 (9:45 a.m. ET) April 17, 2025 Volcker’s Lessons for Restoring Dented US Credibility (Christine Harper, Bloomberg) How a Supreme Court Ruling Could Weaken Fed Independence, Shake Markets (Greg Ip; Wall Street Journal) Fed ‘absolutely’ prepared to stabilise markets, says Collins (Central Banking) Amid tariff turmoil, banks warned not to fudge IFRS 9 overlays (Philip Alexander; Central Banking) Low money market volatility benefits monetary policy transmission (Fédéric Holm-Hadulla, Sebastiaan Pool; European Central Bank) Related Stories 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 Visiting Yale, Treasury Secretary Janet Yellen Hails Program on Financial Stability