Fears of an economic slowdown have risen sharply since President Donald Trump unveiled widespread tariffs last week, sparking a sell-off in the stock market. “I think you’re going to see, across the board, just a slowdown until there’s more certainty. And we now have a 90-day pause on the reciprocal tariffs — that means longer, more elevated uncertainty,” Fink said Friday. Despite his concerns about the economy, the BlackRock CEO said he did not think the U.S. was in a financial crisis and that “megatrends” in the economy like artificial intelligence would persist.
BlackRock CEO Larry Fink told CNBC on Friday that he thinks the U.S. economy has weakened to the point of growth possibly turning negative.
“I think we’re very close, if not in, a recession now,” Fink said on “Squawk on the Street.“
Fears of an economic slowdown have risen sharply since President Donald Trump unveiled widespread tariffs last week, sparking a sell-off in the stock market. Trump on Wednesday announced that he was pausing some of those import levies