Federal Reserve's Williams Highlights Importance of Innovation in Market Structure

John C. Williams, President and Chief Executive Officer of the Federal Reserve Bank of New York, spoke at the 2026 U.S. Treasury Market Conference on September 22, 2026.

Williams emphasized the importance of innovation in market structure and its implications for monetary policy implementation.

The conference has been held annually since 2015 to discuss critical issues in the U.S. Treasury market, which is the deepest and most liquid government securities market in the world.

According to Williams, the successful transition away from LIBOR (London Interbank Offered Rate) is a notable example of how the public and private sectors can work together towards a common goal.