Home » Business » “BlackRock CEO Larry Fink predicts further interest rate hikes in response to persistent inflation”

“BlackRock CEO Larry Fink predicts further interest rate hikes in response to persistent inflation”

BlackRock CEO Larry Fink said on Monday that inflation remains persistent and the Federal Reserve must raise interest rates further to contain price pressures. said it might not. FILE PHOTO: BlackRock CEO Larry Fink speaks to CNBC at the New York Stock Exchange April 14, 2023. REUTERS/Brendan McDermid

[ニューヨーク 31日 ロイター] – BlackRock CEO Larry Fink said on Wednesday that inflation remains persistent and the Federal Reserve will not raise interest rates further to contain price pressures. said it might not.

Speaking at Deutsche Bank’s financial services meeting, Fink said he expects the Fed to raise interest rates at least two more times. At the same time, he said the risk of the U.S. economy slipping into a recession was small, and even if it did, it would be small.

“The U.S. economy is more resilient than the market expected, so the Fed must be more vigilant,” he said. “I see no evidence that inflation is declining or that (the economy) is in for a hard landing,” he said, bearing in mind the Fed’s scenario of a shrinking economy due to rate hikes.

On the issue of the US federal debt ceiling, he said the “drama” surrounding the US debt ceiling was undermining confidence in the dollar. “I believe it will be resolved,” he said.

2023-05-31 19:17:00
#Fed #raise #interest #rates #times #U.S #inflation #persists #BlackRock #CEO

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.