黑石CEO: We are in a recession now and it will be worse
BlackRock Inc. Chief Executive Officer Larry Fink said most CEOs he talks to think the US is in a recession, warning that stock markets could decline further as President Donald Trump’s tariff policies destabilize the world economy.
“The economy is weakening as we speak,” Fink, 72, said in an interview Monday at the Economic Club of New York, adding that he foresees more of an economic slowdown in the coming months.
Inflation is likely to be elevated, Fink said, casting doubt on the Federal Reserve cutting rates multiple times this year. As an example of worries spiking, Fink said he’s already heard from airline executives about the decline in travel demand.
“Most CEOs I talk to would say we are probably in a recession right now,” Fink said.
“I would say in the long run, this is more of a buying opportunity than it is a selling opportunity,” Fink said. “That doesn’t mean we can’t fall another 20% from here, too.”
