BlackRock CEO Larry Fink shared his views on the markets and President Donald Trump's agenda in an exclusive interview Thursday on CNBC's "Squawk Box."
On the importance of Trump's agenda: "If we don't have tax reform that we're expecting, if we don't see true deregulation, I think the markets would have some setbacks," he said. "You're seeing a slowing down of our economy into the first quarter, we're going to grow probably less than 1.5 percent. Much of it is people are just waiting to see … what's going to happen with tax reform and deregulation."
On the economy: "You have high confidence in America, but you're not seeing that translated into sales. We're seeing car sales slow down. We're seeing a beginning of some factory orders slowing down. We're not seeing that ramp up that everybody was expecting," Fink said. "It's not happening. A lot of it is the uncertainty in Washington."
Fink is a member of Trump's Strategic and Policy Forum. BlackRock is the world's largest investment management firm, with $5.1 trillion in assets and operations in more than 30 countries.
He also discussed:
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