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b_b · 725 days ago · link · · parent · post: "Lael Brainard’s speech marks the start of a sea change in monetary policy."
I'm not educated enough to go toe-to-toe with her, but I find it strange that she mentions several times that more green energy investment would be a good inflation hedge. The reason that US/Canada inflation has moderated while EU/GB has not is because they have no fossil fuel buffer against the Russia problem. Their over zealous pursuit of a green energy transition has caused them to spend a lot of money for so so results and left them completely reliant on Russian gas to make up for what they can no longer produce domestically. This isn't to say there aren't other good reasons to invest in clean energy sources, but it certainly doesn't appear to be a good short or probably even medium term hedge against spiking energy prices.