BlackRock CEO "Recent Recession Concerns Due to Trump's Tariff Policy"
Uk Jin
Summary
- BlackRock CEO Larry Fink reported that recent recession concerns are due to the uncertainty caused by the Trump administration's tariff policy.
- He emphasized that while the capital markets are experiencing a short-term recession, the strong resilience of the capital markets has been proven.
- CEO Fink expressed a positive outlook that the capital markets will still recover.
On the 1st (local time), according to O'Daily, Larry Fink, CEO of BlackRock, stated in his annual letter that "the market's anxiety about a recession is greater than ever in recent memory."
He continued, "Many people's concerns stem from the uncertainty caused by the Trump administration's tariff policy," and noted that "almost everyone I've talked to expressed similar concerns."
However, CEO Fink still predicted that the capital markets would recover. He emphasized, "Although the market is experiencing a short-term recession and corporate executives are generally feeling the recession, there is a strong resilience in the capital markets that has been proven over centuries."
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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