Blackrock Chairman And CEO Larry Fink Visits “The Claman Countdown” Asset management company BlackRock contends that the Federal Reserve is not effectively maintaining a balance between reducing inflation and avoiding a downturn amid widespread pressure to control higher prices.
Year-over-year inflation reached 8.5% in July 2022, according to data from the Bureau of Labor Statistics, with a slight moderation from the 9.1% reading in June 2022 driven by lower energy prices — even as costs for food, new vehicles, medical care, and shelter continue to rise. Federal Reserve Chair Jerome Powell said during a hawkish speech at the central bank’s […]
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