NEW YORK (Reuters) – BlackRock Inc Chief Executive Laurence Fink said on Wednesday that inflation remains sticky and the Federal Reserve may need to hike rates further to contain price pressures.
Speaking at a Deutsche Bank financial services conference, Fink said a U.S. recession, if it occurs, would likely be modest.
(Reporting by Davide Barbuscia and Tom Sims; Editing by Chris Reese)
