REUTERS/Ruben Sprich
- Inflation could prove harder to conquer than many people think, Larry Fink says.
- The BlackRock CEO expects US economic growth to pick up if the Fed cuts rates this year.
- Fink says bitcoin is used for criminal activities, but has merits and serves as a store of value.
Larry Fink expects US inflation to prove stubborn, but economic growth to get a boost if interest rates fall this year.
The billionaire CEO of BlackRock, the world's largest asset manager with $10 trillion under its control, recently told Fox Business that he doubts annualized price growth will slow to the Federal Reserve's target rate of 2%.