Despite efforts by central banks around the world, higher levels of inflation appear to be with us for an extended period. What are the implications of this extended period of inflationary pressure – for government budgets, for consumers, for savings and investment and for companies? Will the impacts look similar from country to country, or will there be regional or country-level differences? For boards, inflation makes long-term strategic planning more challenging, especially assumptions behind investment, pricing and hiring, and much else besides. But will this time of challenge also accelerate other megatrends, such as investment in technology and other innovations?
Our distinguished panel comprises Jean-Claude Trichet, President of the European Central Bank from 2003 to 2011; Jason Furman, Advisor to the Asia Group LLC and former member of the US Council of Economic Advisers until President Obama, and Curtis Dubay, Chief Economist for the US Chamber of Commerce, in discussion with Rana Foroohar, Global Business Columnist, The Financial Times and Global Economic Analyst, CNN, as moderator.