U.S. Treasury Secretary Janet Yellen, Singapore Minister for Health Ong Ye Kung and Tinder CEO Renate Nyborg speak at Day 2 of Reuters Next - Reuters News Agency

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U.S. Treasury Secretary Janet Yellen, Singapore Minister for Health Ong Ye Kung and Tinder CEO Renate Nyborg speak at Day 2 of Reuters Next

Treasury Secretary Janet Yellen pauses while testifying before a Senate Banking Committee hybrid hearing on oversight of the Treasury Department and the Federal Reserve on Capitol Hill in Washington, U.S., November 30, 2021. REUTERS/Elizabeth Frantz - RC235R9AE0TJ

Day 2 of Reuters Next featured a packed agenda with a wide-ranging set of diverse and influential voices exploring topics across a sustainable future, the business of growth, policy for progress and building a fairer world.  

The global, virtual forum brought together leaders and thinkers including U.S. Treasury Secretary Janet Yellen, Singapore Minister for Health Ong Ye Kung, Tinder CEO Renate Nyborg, activist X Gonzalez, Federal Reserve Bank of Atlanta President and CEO Raphael Bostic, Bank of Russia Governor Elvira Nabiullina, U.S. Assistant Secretary for Health Dr. Rachel Levine, Ola CEO Bhavish Aggarwal and more.  

Take a look at news highlights from today’s forum:  

Yellen says mind not made up on U.S. central bank digital currency 

U.S. Treasury Secretary Janet Yellen said on Thursday she has not formed a view on whether the Federal Reserve should create a digital version of the dollar, but such a move would require broad consensus among Congress, the U.S. central bank and the White House. 

Fed’s Bostic: Eyeing end of Q1 conclusion for bond taper 

Federal Reserve Bank of Atlanta President Raphael Bostic told the Reuters Next conference on Thursday it would be appropriate to conclude the tapering of the central bank’s bond-buying program by the end of the first quarter of 2022. Bostic also said that if inflation continues to run as high as 4% through next year, that would present a good case for pulling forward interest rate hikes and raising them more than once through the course of 2022. 

Innovative financing can help unlock promises at Egypt’s COP27 – minister 

Innovative financing tools provide a route to ensuring that commitments made at the COP26 climate summit are converted to action as Egypt plans for the follow-up event next year, the country’s international cooperation minister said. 

Russian rate hike above 100 bps unlikely in December -Nabiullina 

Russia’s central bank is unlikely to raise its key interest rate by more than 100 basis points in December even after inflation neared a six-year peak in November, Governor Elvira Nabiullina said on Thursday. She told the Reuters Next conference that challenges facing the economy are less dramatic than in 2014, when the Bank of Russia hiked by a huge 650 basis points at the height of the crisis over Russia’s annexation of Crimea from Ukraine. 

NFTs next hit may be music industry, former manager for Elton John, Beyonce says 

As a former music manager who once counted Elton John, Beyonce and Guns N’ Roses as clients, Merck Mercuriadis has an eye for talent and a knack for identifying trends. He is looking at another emerging technology for music: non-fungible tokens, one-of-a-kind digital assets – frequently artwork, photos, videos or digital files – that are traded on the blockchain. Mercuriadis said the blockchain, which keeps a ledger of transactions across a network of computers, can bring a new level of transparency to music royalties. 

Your voice matters, says gun control activities X González

Gun control activist X González has a message for people: Do not underestimate the power of your voice, it can effect change.

We’ll continue to hear from a vast set of leaders and thinkers on the last day of Reuters Next tomorrow, including Facebook whistleblower Frances Haugen, European Central Bank’s Christine Lagarde, the World Health Organization’s Chief Scientist Soumya Swaminathan, PayPal’s Dan Schulman and more.  

To sign up and see the full agenda, click here. Follow the latest news coverage on Reuters.com and the live conversation at #ReutersNext. 

[Reuters PR blog post] 

Deepal . Patadia@tr.com

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