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…
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