Higher Inflation, Rates Will Stick Around as Economies Go Green
Persistently higher inflation and interest rates are probably in the offing as the world transitions to a greener economy. That’s hardly a selling point for politicians pushing climate-friendly policies, but it’s one they’ll have to cozy up to, says Isabel Schnabel, an executive board member of the European Central Bank. Unfortunately, she adds, before politicians will show enough urgency toward the threat of global warming, “it really seems that bad things have to happen.”
On this week’s episode, Schnabel tells Stephanie about the financial consequences of…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.