(Reuters) - BlackRock ( BLK ) Chief Executive Larry Fink said on Monday that inflation in the United States will be elevated by nationalistic policies including the deportation of workers.

The head of the investment management giant, speaking at the CERAWeek conference in Houston, added that markets are discounting inflation and there will be further cost increases over the next six to nine months.

(Reporting by David French and Marianna Parraga in Houston)