Larry Fink of Blackrock says that the United States believes the United States “perhaps in a stagnation now.”

Blackrock CEO Larry Fink Monday said that many business leaders believe that the US economy is in a large shrinkage.

“Most of the executives I talk to say we are likely to be in a stagnation at the present time,” Fink said at a New York Economic Club event.

Fink added: “One of the executives specifically said that the aviation industry is an example of a coal mine – the Canary in the coal mine – and I was told that the Canary is already sick,” Fink added.

The asset management official also said he believed Customs tariff policies From the president Donald Trump It can press inflation and make it difficult for the Federal Reserve Reducing interest rates, as the central bank often does during stagnation.

“This idea is that the federal reserve goes To reduce four times this yearI see zero an opportunity to do so. “I am more worried that we have a high enlargement that would rise much higher than they are today,” Fink said.

Prices in the Funds FUTS FUNDS market indicate that traders expect the central bank to reduce the standard interest rate by at least 1 percent by the end of the year, according to what he said. CME Fedwatch toolWhich can be four discounts of 0.25 percentage points.

Blackrock as a company with more than $ 11 trillion of assets from the end of 2024, spreads through public and private investments.

Fink’s comments were broadcast on Bloomberg TV.

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