News in Systemic Risk: Thursday, April 3, 2025 (9:45 a.m. ET) April 3, 2025 Financial stability in uncertain times (Luis de Guindos; ECB) Global or regional safe assets: Evidence from bond substitution patterns (Tsvetelina Nenova; BIS) Fed independence is under threat (Christopher Jeffery; Central Banking) 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