Wall Street bosses are more worried about inflation than the US election

by David Hollerith, Yahoo Finance

Some of the top figures on Wall Street sound more concerned about the persistence of inflation than the occupant of the Oval Office in 2025.

“I do believe we have greater embedded inflation in the world than we’ve ever seen,” BlackRock (BLK) CEO Larry Fink said Tuesday at the Future Investment Initiative in Saudi Arabia, adding that “no one is asking the question, ‘At what cost?'”

Few of the Wall Street figures who attended the annual Future Investment Initiative confab were willing to offer a strong prediction on whether Kamala Harris or Donald Trump would win on Nov. 5.

Citadel CEO Ken Griffin said, “It is a race that Trump is favored to win, but it’s almost a coin toss.”

 

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