Skip to content
Subscriber Only

BlackRock Becomes Key Player in Crisis Response for Trump and the Fed

  • President sought advice from Larry Fink in coronavirus fallout
  • World’s largest asset manager also helped in ‘08 crisis
Larry Fink, chief executive officer of BlackRock Inc.

Larry Fink, chief executive officer of BlackRock Inc.

Photographer: Alex Kraus/Bloomberg
Updated on

As President Donald Trump grappled with the coronavirus outbreak last month, he boasted at a press conference of tapping a secret weapon for advice: Larry Fink.

The chief executive of BlackRock Inc. provided insight to Trump on coping with the fallout from the pandemic -- and once again put his firm at center of a white-hot economic emergency.