The New York Fed invites central bankers from around the world to its annual Central Banking Seminar each October. The Seminar, now in its 47th year, aims to educate central bankers about recent developments and current challenges in U.S. and global economies and financial markets, monetary policy, and financial supervision.
Similar Challenges, New Relationships: International Attendees Reflect on the Central Banking Seminar
On Thursday, November 16, 2023, New York Fed President John Williams spoke at the 2023 U.S. Treasury Market Conference about how transactions-based, transparent, and well-documented data is critical to the collective understanding and decision-making at the Federal Reserve and beyond.
Measuring and Adapting to Climate Risk: Key Takeaways from the 2023 Environmental Economics and Policy Conference
The New York Fed and Columbia University’s School of International and Public Affairs brought together economists, Ph.D. candidates, and climate experts on October 2 for the second annual Environmental Economics and Policy Conference, “Measuring and Adapting to Climate Risk.” The conference featured a keynote address from Columbia University professor and Nobel Laureate Joseph E. Stiglitz and a conversation between Stiglitz and New York Fed President John C. Williams.
Roberto Perli, Manager of the Federal Reserve’s System Open Market Account (SOMA), spoke at the annual meeting of the National Association of Business Economics on Tuesday, October 10. He discussed monetary policy implementation, the performance of the Federal Reserve’s implementation framework over recent stress episodes, and his perspective on money markets and reserve conditions going forward.
Editor’s note: New York Fed President John C. Williams prepared the following remarks for delivery on Friday, September 29 as part of a regional visit to Long Island. The regional visit was canceled, and the speech was not delivered publicly, but we have published the text here at the originally scheduled time.
In July 2023, the SEC issued a new set of reforms for the U.S. money market fund (MMF) industry. The reforms increase the amount of daily and weekly liquid assets a fund must hold, eliminate the link between weekly liquid assets (WLA) and the option to impose liquidity fees and redemption gates, and introduce a dynamic liquidity fee. This article describes some of the most important provisions of the reforms.
From artificial intelligence to digital assets, innovation is all the talk in finance. But as we think about the benefits of innovation and new financial products, it’s important to heed the lessons of the past. A particularly instructive example is the story of the London interbank offered rate, otherwise known as LIBOR.
Key Takeaways from the 2023 Financial Innovations Roundtable on Climate, Equity, and the Social Drivers of Health
The New York Fed and the Center for Impact Finance at University of New Hampshire’s Carsey School of Public Policy brought together leaders from the climate, health, and community development finance sectors for the annual Financial Innovations Roundtable, held in June. The Roundtable was part of an ongoing collaboration between the New York Fed and the Carsey School that aims to identify innovative ways to fund improvements in low- and moderate-income communities.
On Monday, August 7, The New York Times published a transcript of an interview with New York Fed President John Williams. In it, he discussed inflation, the labor market, and his outlook for monetary policy.