Energy and Inflation: Drivers and Solutions

The cost of energy is a key driver of inflation. Energy prices accounted for nearly one-third of the increase in the Consumer Price Index over the past year and a half. Global events, including the war in Ukraine, are exacerbating this trend. How can the energy industry, policymakers, regulators, and the financial sector work together to mitigate the impacts of inflationary shocks to the world oil market? Bringing together leading thinkers and experts from the energy sector, along with economists and policymakers, this virtual symposium explored the factors influencing energy prices and ways to stabilize costs, particularly in the near term.

Agenda
10:00 a.m.	Welcome and Introduction Neel Kashkari President, Federal Reserve Bank of Minneapolis
10:05 a.m.	Presentation: Energy as a Driver of Inflation Lutz Kilian Senior Economic Policy Advisor, Federal Reserve Bank of Dallas
10:20 a.m.	Conversation: Geopolitical Context Dean Jason Bordoff Founding Director, Center on Global Energy Policy and Co-Dean, Columbia Climate School Moderator: Neel Kashkari
10:40 a.m.	Expert Panel: Industry Perspectives Panelists: Vicki Hollub President and CEO, Occidental Petroleum Cindy B. Taylor President and CEO, Oil States International, Inc. Brian Van Abel Executive Vice President and Chief Financial Officer, Xcel Energy  Moderator: Mike McKee International Economics and Policy Correspondent, Bloomberg Television and Radio
11:25 a.m.	Bipartisan Policymaker Conversation Participants: Senator Kevin Cramer (ND) United States Senate Senator John Hickenlooper (CO) United States Senate Moderator: Mike McKee
11:55 a.m.	Closing Comments Neel Kashkari
Noon	Adjourn