Federal Reserve Vice Chairman Stanley Fischer, At The 40th Annual Central Banking Seminar, Sponsored By The Federal Reserve Bank Of New York, New York, New York, October 5, 2016, Low Interest Rates

I would like to thank the Federal Reserve Bank of New York for establishing this seminar 40 years ago and for maintaining it since then. This event has always been a useful forum for sharing knowledge and experiences among the world's central banks, something that has become especially valuable in the years since the Great Recession. This seminar has also fostered a stronger sense of community among central banks, whose interactions undergird the global financial system.¹