#TradingPsychology U.S. business leaders believe that there is already a recession, according to BlackRock CEO Larry Fink, who stated that there is no possibility of the Federal Reserve lowering interest rates four times, as the markets speculate. The top executive of BlackRock, Larry Fink, which manages the largest portfolio of assets in the world, conveyed on Monday the opinion of business leaders that there is already a recession due to the tariffs imposed by President Donald Trump.