The world faces an "economic nuclear winter" if President Trump doesn't immediately pause his sweeping reciprocal tariffs, hedge fund manager Bill Ackman said Sunday night.
Bill Ackman joins the resistance
-- Catherine Rampell (@crampell.bsky.social) April 7, 2025 at 8:46 AM
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Larry Fink says most CEOs he talks to think U.S. is in a recession
www.bnnbloomberg.ca
... BlackRock Inc. Chief Executive Officer Larry Fink said most CEOs he talks to think the U.S. is in a recession, warning that stock markets could decline further as U.S. 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. ...
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