BlackRock CEO Larry Fink warns U.S. recession could trigger from halting data center construction

Larry Fink, CEO of BlackRock, warned in a CNBC interview that a moratorium on U.S. data center buildouts could trigger a recession, defined as two straight quarters of shrinking economic output. He noted that much of the economy relies on this capital expenditure, which Moody's estimates will reach $700 billion this year and up to $2.48 trillion through 2030. Fink also cautioned about the national debt, stating it has grown from $8 trillion in 2000 to $40 trillion in 2026, which he believes is having a serious impact on credit demand.