Supply-side factors and inflation: What have we learned?

Friday, February 6, 2026, 10:00 a.m. - 12:30 p.m.
Location: The Brookings Institution, Falk Auditorium, 1775 Massachusetts Ave NW, Washington, D.C. 20036

On Friday, February 6, the Brookings Economic Studies program will convene an event to examine the relationship between supply-side factors and inflation, both in recent years and what might be expected going forward.

The event will begin with a presentation from Peter Orszag, chief executive officer of Lazard and former director of the Office of Budget and Management under the Obama administration. He will then take questions from Wendy Edelberg, senior fellow in Economic Studies.

Following Orszag’s presentation, two panels will discuss how our understanding of the dynamics of supply-side factors and inflation applies to future supply shocks, including how policymakers can develop tools for mitigating the effects of supply shocks on inflation and how those are different from the tools used to mitigate the effects of demand shocks.

The event will culminate with keynote remarks from Federal Reserve Vice Chair Philip N. Jefferson. After his remarks, Jefferson will take questions from David Wessel, director of the Hutchins Center on Fiscal & Monetary Policy at Brookings.