BlackRock CEO Larry Fink has warned that many business leaders believe the US economy is already in a significant downturn, with some calling it a recession. According to Fink, most CEOs he talks to think the economy is likely in recession right now.
Fink also expressed concerns about the impact of President Donald Trump’s trade policies on inflation and interest rates. He believes that these policies could put upward pressure on prices and make it difficult for the Federal Reserve to cut interest rates during a recession.
Despite this, Fink thinks traders expect the central bank to lower its benchmark interest rate by at least 1 percentage point by the end of the year. However, BlackRock CEO disagrees with this view, predicting instead that elevated inflation could bring interest rates higher than they are today.
As one of the largest asset management firms in the world, with over $11 trillion in assets as of the end of 2024, Fink’s comments carry significant weight. His warnings about a potential US recession and the impact of trade policies on the economy will be closely watched by investors and financial experts alike.
Source: https://www.cnbc.com/2025/04/07/ceos-think-the-us-is-probably-in-a-recession-right-now-says-blackrocks-larry-fink.html