#RiskRewardRatio U.S. business leaders believe there is already a recession, according to BlackRock CEO Larry Fink, who stated that there is no possibility that the Federal Reserve will lower interest rates four times, as the markets speculate. The CEO of the asset management firm BlackRock, Larry Fink, which manages the largest asset portfolio in the world, conveyed this Monday the opinion of business leaders that there is already a recession due to President Donald Trump's tariffs. "Most of the CEOs I talk to would say that we are probably already in a recession right now," Fink said during a speech at the Economic Club of New York, where he pointed to the airline sector as one of the first indicators.