Blackrock CEO Larry Fink Says US Is Jeopardizing Dollar's Reserve Currency Status.
05 Jun 2023, 08:00
Blackrock CEO Larry Fink Says US Is Jeopardizing Dollar’s Reserve Currency Status
The CEO of the world’s largest asset manager, Blackrock, has warned that the United States is jeopardizing the U.S. dollar’s reserve currency status. He noted that the debt ceiling debate, risk of national default, and possible credit rating downgrades are “destabilizing” factors for the USD. He also predicted that the Federal Reserve will hike interest rates at least two more times.
Larry Fink on Rate Hikes and InflationLarry Fink, CEO of Blackrock, the world’s largest asset manager, shared his view on the U.S. economy, future interest rate hikes, and the U.S. dollar’s reserve currency status at a Deutsche Bank financial services conference Wednesday.