BlackRock CEO Larry Fink has raised alarms over the state of the US economy, suggesting that the country may already be in a recession. In an interview with CNBC, Fink said, “I think we’re very close, if not in, a recession now,” citing escalating trade tensions and uncertainty following President Trump’s announcement of reciprocal tariffs.
Fink criticized the 90-day pause on tariffs as insufficient to restore economic confidence, warning of continued slowdown across sectors. Despite the bleak short-term outlook, he remained optimistic about the long-term, pointing to artificial intelligence and infrastructure as key drivers for future economic growth.