BackRock's Fink: Market Undergoing `Old Fashioned Correction' -Bloomberg TV


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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  02-05-141156ET
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