BlackRock's Larry Fink warns a data center moratorium could trigger a recession

Name: BlackRock's Larry Fink warns a data center moratorium could trigger a recession
Uploaded: 2026-10-14T18:30:05.000Z
Duration: 33 s
Description: BlackRock CEO Larry Fink warned that a nationwide moratorium on data center construction could push the U.S. economy into recession. He rejected concerns about data center water use as largely misinformed and emphasized the importance of data center-related capital spending to economic growth.

News Clip0:33CNBC Television·DC·10/14/2026

BlackRock CEO Larry Fink warned that a nationwide moratorium on data center construction could push the U.S. economy into recession. He rejected concerns about data center water use as largely misinformed and emphasized the importance of data center-related capital spending to economic growth.

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BlackRock CEO Larry Fink told CNBC that a nationwide halt to data center construction could trigger a recession. His comments followed BlackRock’s better-than-expected third-quarter earnings report and focused on the broader economic importance of data center investment and construction spending.

Fink also pushed back against criticism of data center water consumption, arguing that much of the public concern is based on misinformation and claiming golf courses use more water than data centers. The remarks addressed a hypothetical moratorium rather than a specific government proposal or local project.