01:26 PM EDT, 04/07/2025 (MT Newswires) -- BlackRock ( BLK ) Chief Executive Larry Fink said Monday the US economy is probably already in a recession and that the stock markets could fall another 20% before finding a bottom, multiple reports said, citing an interview with The Economic Club of New York.

Fink, whose firm is the largest asset manager in the world, also said he was worried about inflation risks, which could force the Federal Reserve to increase interest rates rather than cut rates typical to economic downturns, the reports said.

Price: 806.68, Change: -15.94, Percent Change: -1.94