BlackRock CEO Larry Fink told CNBC on Friday that the US economy could already be in a recession.
“I think we’re very close [to], if not in, a recession now,” Fink told “Squawk on the Street.”
The Trump administration’s tariff policy has sparked fears of a recession. Trump’s 90-day pause on some 75 countries announced earlier this week eased some of those concerns, but the escalating trade war between China and the US has not.
“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.
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