Although the consumer price index for December rose to 3.4%, “the U.S. economy is stronger than most people think,” BlackRock CEO Larry Fink told Fox Business. “The economy is in a very good position and is going to get stronger if there are two to three [interest rate] easings this year.

“The innovation, the ingenuity is propelling this economy into a very good position,” Fink told Fox Business correspondent Charlie Gasparino. “Importantly, companies are having difficultly finding good talent. I don’t think there is much of a debate here.”

Although inflation is a “little stickier” than the Federal Reserve would like, “one of the fundamental reasons inflation is coming down is we have seen a dramatic decline in energy prices,” Fink said. “We have had OPEC reduce their prices three times; they are having a hard time keeping prices at $80 a barrel.”

Wages are keeping inflation elevated, but higher wages are also improving the economy, believes the BlackRock CEO.

“We have witnessed very large increases in minimum wages. Many organizations have raised wages above minimum wages,” Fink said. “If someone was being paid $10 an hour, and now they are being paid $20 an hour, all that money is being put back into the economy.

“It’s not like someone who is earning lots of money and doesn’t have to spend any more money into the economy,” Fink said. “We have a far stronger economy than some people believe.”