BlackRock CEO Says Inflation Higher for Longer But Some People Will Benefit

Published on March 27, 2024

BlackRock CEO Larry Fink is predicting that inflation will be higher than most people believe while arguing that much of that is actually a good thing because it also means higher wages, and more generally downplaying price pressure fears as overblown. “Well, when you and I were young, we actually had worse inflation” than the young people of today, Mr. Fink told CNBC’s “Mad Money” host Jim Cramer in a March 26 interview, after Mr. Cramer said he’s heard many young people complaining that they’ve been hammered by the recent few years of high inflation. “They feel that they can’t afford to retire,” Mr. Cramer said. “They will work to die because they have no money. They have huge college tuition.”...

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