Stop panicking about inflation, BlackRock CEO tells investors — ‘We’re going to get through this’

Stop panicking about inflation, BlackRock CEO tells investors — ‘We’re going to get through this’


The economic headwinds currently roiling the U.S. economy are fixable in the long-run, meaning investors can afford to relax a bit, BlackRock CEO Larry Fink told CNBC’s Jim Cramer on Wednesday.

“A really famous person called me up, panicking, ‘what should I do, I’ve got to get out, I can’t stand it, I can’t stand it.’ And I said, ‘go on vacation,'” Fink said in an interview on “Mad Money.”

“If you really can’t stand it, then sell it. … But the reality is, we’ve seen this. Inflation is going to be fixed over time,” he added, pointing to falling commodity prices as a sign of deflation.

All the major averages gained on Wednesday, buoyed by a rally in tech stocks. The market’s gains follow its recovery on Tuesday, when investors betting that the market is bottoming picked up riskier assets like tech stocks. These stocks have seen massive sell-offs this year after the Federal Reserve started raising interest rates to tamp down inflation.

When Cramer asked whether persistent inflation, the Fed’s rate increases and the Russia-Ukraine war is a threat to the overall health of the U.S. economy, Fink said that the headwinds are “business as usual” for long-term investors.

“When I started my career, when you started your career, we had much higher inflation, much more problems in our country. We’re going to get through this,” he said.

“Is there risk of a recession? Sure, but even if we’re in one, it’s going to be quite mild. The financial foundation of America is as strong today as ever,” he added.

Sign up now for the CNBC Investing Club to follow Jim Cramer’s every move in the market.

Disclaimer

Questions for Cramer?
Call Cramer: 1-800-743-CNBC

Want to take a deep dive into Cramer’s world? Hit him up!
Mad Money TwitterJim Cramer Twitter – Facebook – Instagram

Questions, comments, suggestions for the “Mad Money” website? [email protected]





Source

A ‘war room’ mentality: How auto giants are battling the Nexperia chip crunch
Business

A ‘war room’ mentality: How auto giants are battling the Nexperia chip crunch

A Honda sedan moves down the assembly line on Jan. 28, 2025 at the automaker’s assembly plant in Marysville, Ohio.  Michael Wayland / CNBC Global automakers are once again bracing for production disruptions due to a potential shortage of automotive semiconductor chips, this time sparked by the Dutch government amid geopolitical tensions between the U.S. […]

Read More
Billionaires are spending big to stop Zohran Mamdani’s NYC mayoral bid
Business

Billionaires are spending big to stop Zohran Mamdani’s NYC mayoral bid

A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Super PACs supporting Andrew Cuomo and opposing Zohran Mamdani in the New York City mayoral race have raised over $40 million, with millions […]

Read More
Chipotle stock craters as Wall Street grows ‘concerned’ after company cuts forecast
Business

Chipotle stock craters as Wall Street grows ‘concerned’ after company cuts forecast

A Chipotle logo is displayed on a sign at a shop on June 1, 2025 in Washington, DC. Kevin Carter | Getty Images Shares of Chipotle Mexican Grill tumbled as much as 19% in morning trading on Thursday after the company cut its full-year same-store sales forecast for the third straight quarter. Including Thursday’s move, […]

Read More