BlackRock CEO Larry Fink Sees Potential for ‘Big Shock’ From Inflation
- Investors today not used to prolonged inflation, Fink says
- Policy makers must weigh inflation against climate concerns
This article is for subscribers only.
BlackRock Inc. Chief Executive Officer Larry Fink said that investors may be underestimating the potential for a spike in inflation.
“Most people haven’t had a forty-plus year career, and they’ve only seen declining inflation over the last 30-plus years,” Fink said at a virtual event hosted by Deutsche Bank AG on Wednesday. “So this is going to be a pretty big shock.”