Top Wall Street Executives Say Inflation Could Be Worse Than Predicted

Top Wall Street Executives Say Inflation Could Be Worse Than Predicted
BlackRock Chair and CEO Laurence D. Fink attends a session at the World Economic Forum (WEF) annual meeting in Davos, on Jan. 23, 2020. FABRICE COFFRINI/AFP via Getty Images
Emel Akan
Updated:

Two of Wall Street’s top CEOs have differing views on inflation, but both diverge from the Federal Reserve’s predictions that price increases are transitory and will fade once supply shocks and other pressures ease.

Larry Fink, chairman and CEO of BlackRock, the world’s largest asset manager, is convinced that inflation isn’t temporary, as he believes deglobalization will lead to “systematically more inflation” in the future.

Emel Akan
Emel Akan
Reporter
Emel Akan is a senior White House correspondent for The Epoch Times, where she covers the policies of the Trump administration. Previously, she reported on the Biden administration and the first term of President Trump. Before her journalism career, she worked in investment banking at JPMorgan. She holds an MBA from Georgetown University.
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