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Larry Fink Sees Elevated Inflation for Years Due to Supply Shocks

  • BlackRock CEO says Fed doesn’t have tools to fix supply snarls
  • Asset managers shouldn’t be the world’s ‘environmental police’
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BlackRock's Fink Sees Inflation Lasting for Years
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BlackRock Inc. Chief Executive Officer Larry Fink said he expects inflation to remain elevated for several years primarily because of snarled global supply chains.

“It’s been aggravated by Covid and lockdowns in different parts of the world,” Fink, 69, said Thursday in a wide-ranging interview on “The Close” on Bloomberg Television. “It’s more supply driven.”