BlackRock CEO Larry Fink warned Wednesday that a U.S. moratorium on new data-center construction could push the economy into recession because so much current capital spending is tied to AI infrastructure.
Fink told CNBC that “so much of our economy” now depends on the buildout of this capital expenditure. He argued that data centers are supporting construction work, electrical infrastructure and demand for skilled trades.
The warning came the same day BlackRock reported $205 billion of quarterly net inflows and $15.5 trillion in assets under management.
The claim remains Fink’s economic judgment, not a settled forecast. Communities and regulators are also weighing higher power demand, grid costs, water use and local impacts. BitcoinVersus.Tech has recently covered AI-driven transmission expansion, PJM’s new data-center registry and a Senate probe into data-center costs and jobs.
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