2025 Homer Jones Memorial Lecture

Feb. 3, 2025

Lecture by Agustín Carstens

Agustín Carstens, respected international economist and general manager of the Bank for International Settlements (BIS), presented the 2025 Homer Jones Memorial Lecture on Feb. 3, 2025. In his remarks, Carstens discussed key features of modern monetary policy frameworks—the strategy, tools and practices central banks employ to pursue their mandates. He also discussed considerations for future framework reviews.

Carstens has led the BIS, an international organization with a mission to support central banks in their pursuit of monetary and financial stability, since 2017. Before joining the BIS, he was governor of the Bank of Mexico from 2010 to 2017. During his distinguished career, he has long been engaged in policymaking, holding such positions as International Monetary Fund deputy managing director and Mexico's finance minister.

View lecture slides (PDF).

Additional Videos

Welcoming Remarks by Alberto Musalem

Federal Reserve Bank of St. Louis President and CEO Alberto Musalem welcomed attendees to the lecture. He then introduced the event’s speaker, Agustín Carstens.

View prepared text of Musalem’s welcoming remarks (PDF).

Q&A Session

Following the presentation, Carstens conducted a Q&A session with the audience.

About the Homer Jones Memorial Lecture

This lecture series is named for Homer Jones (1906-1986), who exemplified the highest qualities of leadership in economics and public policy. As St. Louis Fed research director and later senior vice president, Jones played a major role in developing the Federal Reserve Bank of St. Louis as a leader in monetary research and statistics.

Watch past lectures and learn about the speakers.