The head of the fund giant reveals the corporate reactions to Trump's policy. “The canarek is already sick”
– Most general directors I talk to would probably say that We are currently in the recession Fink said during the Economic Club of New York event.
– One of the general directors said that The aviation industry is a proverbial bird in a coal mine – a canarek in a coal mine – and I was told that the canary is already sick Fink added.
The asset managing director also said that in his opinion the tariff policy of President Donald Trump It can put pressure on the increase in inflation and make it difficult for the federal reserve to reduce interest rateswhich the central bank often does during the recession.
“I don't see a chance to cut your feet”
– I see no chance that the Federal Reserve will soften the monetary policy four times this year. I am much more worried that we can have increased inflation, which will increase interest rates much higher than it is today – said Fink.
However, the valuation of the Fed Contract Contract Market in Chicago, however, currently suggests such a scenario. Investors expect the central bank to reduce its reference interest rate by at least 1 percentage point by the end of the year, which may mean four cuts of 0.25 percentage points.
Blackrock as a company had over $ 11 trillion. in assets at the end of 2024, spread out into public and private investments. It is the largest investment fund in the world that has shares in all the largest globe companies and impact on their activities.
