Larry Fink, chief executive of BlackRock, the world’s largest asset manager, said Wednesday that the Trump administration’s barrage of policy changes is paralyzing American consumers and businesses — and that’s already hurting the economy.

BlackRock CEO Larry Fink sounded the alarm on Donald Trump's zealous tariff push, telling CNN today, in part, "The economy is weakening as we speak." "The collective impact in the short run is that people are pausing,

Chairman and CEO Laurence Fink said on Tuesday at the RBC Capital Markets Global Financial Institutions Conference. "It's not as bad as it was in the '60s in the United States," he added. "There's a lot of tension right now" in North America with the tariffs being implemented.

Larry Fink, BlackRock CEO speaks on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 23, 2025. [The stream is slated to start at 2:20 p.m. ET. Please refresh the page if you do not see a player above at that time.]