BlackRock CEO Larry Fink expressed skepticism about the U.S. economy's ability to return to a 2% inflation rate in the near future. During a CNBC interview, Fink highlighted the challenges of achieving this inflation target, suggesting it would be difficult. He also forecasted the possibility of the Federal Reserve cutting interest rates "maybe two" times this year, though he did not specify when these cuts might occur.
JUST IN: "I DON'T THINK INFLATION WILL GET BACK TO 2% ANYTIME SOON" - @BLACKROCK'S LARRY FINK
Blackrock's Larry Fink says he "doesn't think inflation will get back to 2% anytime soon". @CNBC @davidfaber @saraeisen @michaelsantoli https://t.co/hu4A7YErEX
BlackRock CEO Larry Fink said reaching 2% inflation will be "hard." https://t.co/PuRIrIDoWE https://t.co/UMedyH8Plq
BlackRock's Larry Fink sees Fed cutting rates twice this year but missing 2% inflation goal https://t.co/990twyIX6x
BlackRock Chief Executive Officer Larry Fink said he expects the Federal Reserve to cut rates twice at the most this year https://t.co/p4wchiJCs0
Blackrock CEO Larry Fink just said he doesn’t think inflation will get back to 2% anytime soon Fink said he sees “maybe 2” rate cuts this year - CNBC Interview
*LARRY FINK: IT WILL BE HARD FOR INFLATION TO GET TO 2% *LARRY FINK SEES 'MAYBE TWO' RATE CUTS THIS YEAR
Blackrock CEO Larry Fink just said he doesn’t think inflation will get back to 2% anytime soon - CNBC Interview
BLACKROCK CEO FINK SAYS I DON’T THINK INFLATION WILL GET BACK TO 2% ANYTIME SOON -CNBC INTERVIEW