Business
BlackRock CEO Larry Fink sees potential for ‘big shock’ from inflation – The Australian Financial Review
Most people have only experienced declining inflation so rising consumer prices are “going to be a pretty big shock”, the executive said.
If the Fed were to reconsider that, it could seem discordant with separate fiscal stimulus, Fink said. President Joe Biden has proposed additional measures to stimulate the US economy, including a $US1.7 trillion ($2.2 trillion) infrastructure spending plan.
That would be pretty odd, raising interest rates at the same time we do this giant fiscal stimulus, Fink said.
Prices may also rise as companies adapt to the realities of climate change, he said. New York-based BlackRock has advocated for companies…
-
Noosa News20 hours agoWoman was watching keepers work when lion attacked, Darling Downs Zoo says
-
Noosa News19 hours agoWorking for someone else made it hard to care for my daughter. So I quit
-
General23 hours agoDeveloper warns wind energy capacity may not be ready by WA coal deadline
-
Business6 hours agoFord CEO makes stunning prediction about artificial intelligence