News in Systemic Risk: Thursday, May 22, 2025 (9:45 a.m. ET) May 22, 2025 OFR's MMF Monitor Shows Reduced Federal Reserve ON RRP Use (Dagmar Chiella and Derrek Grunfelder-McCrank; Office of Financial Research) A mooted fix for the Treasury market may actually increase systemic risk (Wenxin Du; Financial Times) Maurice Obstfeld on the trade war’s damage to the monetary system (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
