BlackRock CEO: Markets more anxious about recession than at any time in recent memory

In his annual letter published Monday, BlackRock CEO Larry Fink said many people he's spoken to are nervous about a recession. Many of those concerns stem from uncertainty over the Trump administration's tariff policies. In the letter, Fink wrote, ‘I hear this from almost everyone I talk to. They are more anxious about the economy than at 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 retreating. In talking to CEOs across the economy, they say the economy is weakening.’ But in his annual letter, Fink struck a different tone, not addressing the specifics of the economic uncertainty prevailing in the financial world, but instead pointing to the resilience of the capital markets over their 400-year history.