BlockBeats News, April 1st, BlackRock CEO Larry Fink said in his annual letter published on Monday that many people he has spoken with are nervous about an economic recession. Many people's concerns stem from the uncertainty of the Trump administration's tariff policy.
In the letter, Fink wrote, "I have heard such words from almost everyone I have spoken to. Their anxiety about the economy exceeds any time in recent memory." Earlier this month, Fink said in an interview, "The collective impact in the short term is that the market is pulling back. When talking to CEOs across the whole economic sector, they say the economy is weakening."
However, in his annual letter, Fink's tone is different. He did not discuss specific details of the widespread economic uncertainty in the financial industry but instead pointed out the resilience of the capital markets over its 400-year history.
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