Head of world’s largest asset manager says this is why Fed will struggle to bring down inflation

CNBC/William Watts/4-15-2023

‘I believe interest rates are going to be higher for longer…I believe inflation is going to be stickier for longer. In other words I think we’re going to have a 4%-ish floor on inflation.’ — Larry Fink, BlackRock Inc.

USAGOLD note: In other words, prepare for more systemic risk and more safe haven demand for physical gold and silver. – something that has a been consistently strong since the latest banking crisis began through the gamut of investors – individuals, funds, institutions and central banks.