Economics
BlackRock's Fink Says U.S. on Path to 'Exploding' Deficits
- Trump tax plan may not generate revenue growth needed, he says
- ‘We’re growing slower than France,’ Fink says at conference
U.S. Economy Expands at Slowest Pace in Three Years
This article is for subscribers only.
The Trump administration’s tax proposals are unlikely to spur enough economic growth to reduce U.S. deficits, BlackRock Inc.’s Larry Fink said Friday.
“We are on the path of exploding deficits,” Fink, chief executive officer of BlackRock, said at the Morningstar Investment Conference in Chicago. “We will have a severe issue if the reform increases deficits."