Larry Fink sees elevated inflation for years due to supply shocks

Bloomberg/Silla Brush and Annie Massa/6-2-2022

photograph of $100 bills and an hour glass“‘It’s been aggravated by Covid and lockdowns in different parts of the world,’ Fink, 69, said Thursday in a wide-ranging interview on ‘The Close’ on Bloomberg Television. ‘It’s more supply-driven.'”

USAGOLD note: On Friday, the BLS will release its report on consumer prices for May. On Tuesday, it will report the producer price index. Our reason for posting this report is to alert our readers that someone of Fink’s stature is preparing for long-haul inflation that could extend over years.

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