BackRock's Fink: Market Undergoing `Old Fashioned Correction' -Bloomberg TV
February 05 2014 - 12:11PM
Dow Jones News
U.S. markets are undergoing an "old-fashioned" correction and
the Federal Reserve should have ample room to continue reducing its
bond-buying program despite the recent volatility, BlackRock Inc.
Chief Executive Laurence Fink said Wednesday.
"It's an old-fashioned correction," Mr. Fink said in an
interview on Bloomberg Television. "We've come a long way and we
just need to recalibrate ourselves." Long-term investors with
BlackRock, he said, have not changed their behavior. The recent
volatility in markets, he said, should not affect the central
bank's decision to pare quantitative easing.
Web site: www.bloomberg.com
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