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- BlackRock's Larry Fink says inflation will stay higher for longer because of geopolitical issues.
- The CEO of the world's largest asset manager explained why the US will not enter a big recession in 2023.
- That's due to a large amount of money flowing into the economy from recent stimulus bills, Fink told CNBC.
BlackRock CEO Larry Fink waved off concerns of a big recession heading for the US in 2023, but maintained that inflation will be much stickier in the near-term.