Exploring Innovations in Central Banking

Date and time
End date and time
Attendance restrictions
by invitation only
Federal Reserve Bank of New York

In partnership, the Bretton Woods Committee (BWC) and the Federal Reserve Bank of New York (New York Fed) will convene a half-day conference to explore how ongoing innovation in financial markets is changing the environment in which central banks operate and how central banks can innovate through novel policy approaches and operational frameworks.
With the economic repercussions of the Covid-19 pandemic still resonating, central banks have played a crucial role in implementing unprecedented actions to support economies and financial systems. This event will examine the use of central bank policy tools in periods of market stress and the impact of these responses on other jurisdictions and the role that central bank coordination plays in enhancing global responses and promoting a resilient global financial system and economy.
Looking ahead, digital innovation has the potential to revolutionize traditional economic and financial ecosystems, impacting the role of central banks. While offering opportunities for inclusion and efficiency, these innovations may also introduce challenges, such as financial sector vulnerabilities and cross-border linkages. The conference will examine the role of central banks in mitigating potential financial system vulnerabilities as well as how central banks might facilitate digital innovation in the financial sector, including through the adoption and implementation of Central Bank Digital Currencies (CBDCs).


November 30, 2023

8:00 AM – 9:00 AM ET Registration & Breakfast

9:00 AM – 9:15 AM ET Welcome Remarks

  • William C. Dudley, Chair, Bretton Woods Committee

9:15 AM - 9:35 AM ET Keynote Address 

  • John C. Williams, President and Chief Executive Officer, Federal Reserve Bank of New York

9:45 AM - 10:45 AM ET Policy Tools: Bolstering Global Resilience


  • Arminio Fraga, Former President, Central Bank of Brazil, and Founding Partner, Gávea Investimentos
  • Yi Gang, Former Governor, PBOC
  • Michelle Neal, Heads of Markets Group, Federal Reserve Bank of New York
  • Rebecca Patterson, BWC Member, Former Bridgewater Executive
  • William C. Dudley, Chair, Bretton Woods Committee (Moderator)


11:00 AM - 12:00 ET Monetary Policy, Financial Stability and the Digital Frontier


  • Nellie Liang, Undersecretary for Domestic Finance, U.S. Department of the Treasury
  • William C. Dudley, Chair, Bretton Woods Committee
  • Gordon Liao, Chief Economist, Circle
  • Per von Zelowitz, Director of New York Innovation Center, Federal Reserve Bank of New York
  • Neha Narula, Director, Digital Currency Initiative, MIT Media Lab (Moderator)


12:00 PM - 12:15 PM ET Closing Remarks

  • William R. Rhodes, Vice Chair, Bretton Woods Committee
  • Hari Phatak, Head of International Policy and Strategy at the Federal Reserve Bank of New York

12:30 PM – 2:00PM ET Luncheon

Agenda updates will be released soon; for information please contact Program Associate Blake Ledna at bledna@brettonwoods.org