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BlackRock’s Rick Rieder says ‘every client’ is worried about inflation

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BlackRock‘s Rick Rieder told CNBC on Tuesday he frequently has discussions about whether the U.S. economy will run too hot, too fast in its recovery from the coronavirus pandemic.

“Listen, every client call I’m on including the one I just finished … is talking about overheating,” the chief investment officer of global fixed income at the world’s largest money manager said on “Halftime Report.”

“Everybody is talking about overheating,” added Rieder, who oversees more than $2 trillion of BlackRock’s $9 trillion in assets under management.

Rieder’s remarks came shortly after Treasury Secretary Janet Yellen’s headline-making comments on the American economy and interest-rate policy at a…



Source cnbc.com

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