For this special edition of Macro Matters, Stefan Ingves joins us in Switzerland during the BIS Innovation Summit to continue the conversation on future-proofing central banks amid a rapidly changing global financial landscape. Central banks face mounting pressures—from persistent inflation and political scrutiny to diverging policy paths around the world. At the same time, financial innovation is reshaping money and payments faster than regulators can respond. Stefan explores how central banks can navigate these challenges while maintaining independence, ensuring stability, and fostering global cooperation.

Stefan Ingves spent 17 years as Governor of the Sveriges Riksbank, Sweden's central bank. Previously, he was chairman of the Basel Committee on Banking Supervision and chairman of the Banking and Risk Management Committee at the BIS.

Central banking is at a crossroads. From inflation and dollar dominance to executive orders and rapid financial innovation, the Fed faces no shortage of challenges. In this episode, Bill Dudley joins host Emily Slater to discuss how the Fed and other central banks are navigating these pressures, what to expect from the September FOMC, and what central bank independence really means in today’s global economy.

Bill Dudley is the Chair of the Bretton Woods Committee. He previously served as the president and chief executive officer of the Federal Reserve Bank of New York, during which time he was the vice chairman and a permanent member of the Federal Open Market Committee.

After decades of bipartisan support, US foreign aid architecture is undergoing significant structural and political shifts. Recent developments include a restructuring of USAID, growing support for institutions like the U.S. Development Finance Corporation (DFC), and changing perspectives on multilateral engagement. With this in mind, we're asking what are the Trump administration’s priorities when it comes to foreign aid? And where is U.S. policy on foreign assistance going from here?

Executive Director Emily Slater is joined by Daniel Runde and Pilar Frank O’Leary to unpack these critical questions.

Daniel Runde is a senior advisor with BGR Group. He was a former senior vice president at CSIS and former director of USAID’s Office of Global Development Alliances. Pilar Frank O’Leary is the Founder and President of PFO Advisory Group, where she advises Fortune 100 companies, leading foundations, and multilateral institutions on their strategic engagement across Latin America.