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US may not see 3% growth: BlackRock CEO

Larry Fink told that US growth rates would likely be around 2% to 2.5%


BlackRock Inc Chief Executive Larry Fink on Monday said it will be hard for the United States to reach the 3 per cent annual growth target set by President Donald Trump. Fink has repeatedly sounded a cautious note on the economy this year even as stock markets have risen, citing uncertainty over the restructuring of US tax policy and other variables. In an interview tied to BlackRock's second-quarter earnings, Fink told Reuters that US growth rates would likely be around 2 percent to 2.5 per cent, echoing comments last week by Federal Reserve Chair Janet Yellen. Meanwhile, economic ...

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First Published: Tue, July 18 2017. 02:35 IST