BlackRock Chair and CEO Larry Fink says the market is recalibrating itself and the Federal Reserve does not have the tools to deal with inflation right now. He speaks during an interview with David Westin on "Bloomberg Markets: The Close."
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Francisco Gimeno - BC Analyst This interview is only two minutes. But what two minutes... BlackRock guy stating that inflation is here for a long time. Some would say that it's what this gigantic company would love. Some that anyway they have global data which few have, even governments. More scary is when he affirms that government institutions like the Fed don't have the tools necessary to deal with inflation even if they wanted.