According to a Reuters report, BlackRock CEO Larry Fink stated on Monday that the United States’ increasingly nationalist policies, including large-scale expulsions of illegal immigrants, could lead to sustained inflation.
At the CERAWeek energy conference held in Houston, Larry Fink pointed out that the market is underestimating the risks of inflation, predicting that costs will rise further in the next 6 to 9 months. Larry Fink stated:
He emphasized that the expulsion of immigrants could exacerbate labor shortages, particularly in the agricultural and technology sectors.
In addition, the Trump administration has threatened to impose high tariffs on trade partners, and industry groups have warned that this move could further increase import costs, intensifying inflationary pressures.
The latest Consumer Price Index (CPI) in the United States will be released on Wednesday. A report released by Bloomberg this week indicated that consumer prices are expected to rise slightly in February, highlighting the Federal Reserve’s (Fed) slow progress in combating inflation, which could raise concerns about “stagflation”—the phenomenon of economic slowdown occurring simultaneously with soaring prices.
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