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Energy and Inflation: Drivers and Solutions

May 13, 2022 Virtual

Co-hosted by the Federal Reserve Banks of Dallas and Minneapolis

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.

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
  • 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
  • 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

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