CEOs sound the alarm on inflation
CEOs are speaking up about what weve seen in the government data : inflation. And some of them warn elevated levels of inflation could persist. Why it matters: Prices for goods and services have been rising at a historic pace, a phenomenon that many economists have characterized as transitory . Business executives offer unique perspectives on the matter as they are directly exposed to rising raw materials and labor costs. Furthermore, theyre the ones setting prices on what their businesses sell. What theyre saying: Inflation may be more than a temporary phenomenon. "The inflation could be worse than people think," JPMorgan Chase CEO Jamie Dimon said on an earnings call Tuesday. I think it''ll be a little bit worse than what the Fed thinks. I don''t think it''s only temporary." "[Policymakers] are saying jobs are more important than consumerism," BlackRock CEO Larry Fink told CNBC on Wednesday. "That is going to probably lead to systematically more inflation." State of play: Executives are explicitly saying that they''re raising the prices they charge customers. "Is there somewhat more inflation out there?
CEOs sound the alarm on inflation
CEOs are speaking up about what weve seen in the government data : inflation. And some of them warn elevated levels of inflation could persist. Why it matters: Prices for goods and services have been rising at a historic pace, a phenomenon that many economists have characterized as transitory . Business executives offer unique perspectives on the matter as they are directly exposed to rising raw materials and labor costs. Furthermore, theyre the ones setting prices on what their businesses sell. What theyre saying: Inflation may be more than a temporary phenomenon. "The inflation could be worse than people think," JPMorgan Chase CEO Jamie Dimon said on an earnings call Tuesday. I think it''ll be a little bit worse than what the Fed thinks. I don''t think it''s only temporary." "[Policymakers] are saying jobs are more important than consumerism," BlackRock CEO Larry Fink told CNBC on Wednesday. "That is going to probably lead to systematically more inflation." State of play: Executives are explicitly saying that they''re raising the prices they charge customers. "Is there somewhat more inflation out there?