BlackRock CEO Warns: U.S. Economy Will Fall Into Recession If Data Center Construction Is Halted, National Debt Reaches $40 Trillion

BlackRock CEO Larry Fink said in an interview with CNBC on Wednesday that the U.S. would enter a recession if it imposes some form of moratorium on data center construction. He pointed out that current U.S. economic growth is highly dependent on capital expenditure related to data centers, and restricting such construction would not only hit the stock market, but also impact multiple industrial sectors including construction workers, energy infrastructure, and AI computing hardware. Fink argued

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