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.
