Larry fink

BlackRock Inc. Chief Executive Officer Larry Fink said stubbornly high inflation will force the Federal Reserve to raise interest rates two to four more times. “The Fed is not finished,” Fink said Wednesday during a financial services conference hosted by Deutsche Bank AG. “Inflation is still too strong, too sticky.”

Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. BlackRock's Larry Fink says there's no big recession headed for the US economy, but inflation will be 'stickier for longer' • BlackRock's Larry Fink says inflation will stay higher for longer because of geopolitical issues. • The CEO of the world's largest asset manager explained why the US will not enter a big recession in 2023. • That's due to a large amount of money flowing into the economy from recent stimulus bills, Fink told CNBC. BlackRock CEO Larry Fink waved off concerns of a big recession heading for the US in 2023, but maintained that inflation will be much stickier in the near-term. In an interview with "Those three bills are a trillion dollars of stimulus over the next few years. Think about how many jobs infrastructure creates. Think about the demand for commodities as we build infrastructure," the head of the world's largest asset manager said. "We have some sectors of the economy [that] are starting to weaken, but we are going to have other segments of the economy [grow] because these tremendous fiscal stimulus [packages] are going to offset some of that." Fink added: "So no, I don't see a big recession. I'm not even sure we're going to have a recession in 2023. We may have it in early [2024] It really depends on what is the pathway of inflation in ...

Education ( Title Chairman and CEO, Political party Children 3 Laurence Douglas Fink (born November 2, 1952) is an American Early life and education [ ] Fink was born on November 2, 1952. Career [ ] 1970 to 2000 [ ] Fink started his career in 1976 at Fink added "by some estimates" In 1988, under the corporate umbrella of 2000s [ ] In 2003, Fink helped to negotiate the resignation of the CEO of the The In December 2009, BlackRock purchased Barclays Global Investors, at which point the company became the largest money-management firm in the world. In 2016, Fink received the ABANA Achievement Award in New York City. It recognizes an individual who exemplifies outstanding leadership in banking and finance and has a commitment to positive professional cooperation between the US and the Middle East and North Africa. In 2018, Fink was ranked #28 on the Forbes list of The World's Most Powerful People. During the Community involvement [ ] Fink serves on the In December 2016, Fink joined a business forum assembled by then president-elect In his 2018 annual open letter to CEOs, he called for corporations to play an active role in improving the environment, working to better their communities, and increasing the diversity of their workforces. After the In his 2020 annual open letter, Larry Fink is also longtime donor and supporter of the New York City Police Foundation: a group that provides financial support to the New York City Police Department. The non-profit Personal life [ ] Fin...