Here’s a paraphrased version of the statements:

BlackRock CEO Larry Fink believes the U.S. is likely already in a recession.

He hasn’t dismissed the possibility of the market dropping another 20%.

Fink sees no realistic scenario where the Federal Reserve cuts interest rates four or five times this year.

In fact, he thinks there’s still a chance rates could go up.

He cautions that tariffs could lead to a weaker U.S. dollar.

Fink says the economy is actively deteriorating.

According to him, most CEOs he speaks with believe the recession has already begun.

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