BlackRock’s Larry Fink says U.S. is very close to a recession and may be in one now

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 for 90 days, but that move is not enough to restore confidence in the economy, Fink said.

https://www.cnbc.com/2025/04/11/blackrocks-larry-fink-says-us-is-very-close-to-a-recession-and-may-be-in-one-now.html