The recent volatility in the stock market has fueled concerns about a potential recession in the United States. An executive from an investment management firm believes that a recession may have already begun.

President Donald Trump's inconsistent approach to tariff policies, including the announcement and subsequent pausing of taxes, has significantly impacted market behavior. The market has experienced both substantial declines and gains within a short period, reflecting the uncertainty surrounding the future of the U.S. economy.

Larry Fink, CEO of BlackRock, expressed concern about the economic situation, stating that a recession is imminent. He highlighted the slowdown expected due to the uncertainty, particularly with the ongoing trade disputes.

Fink's concerns are echoed by others in the financial sector. Jon Gray, president of Blackstone Inc., warned of the potential for negative consequences from prolonged market volatility. Neil Dutta, head of economics at Renaissance Macro, also expressed caution, citing ongoing problems and the issue of prolonged uncertainty.

Despite these concerns, some of Trump's allies maintain a positive outlook, suggesting that certainty is on the horizon. Peter Navarro, Trump’s trade advisor, downplayed the market fluctuations, attributing them to normal retracement. Treasury Secretary Scott Bessent expressed optimism about achieving greater certainty through negotiations with other countries.