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BlackRock's Larry Fink Warns a Data Center Moratorium Could Trigger a Recession

Summary by CNBC
Local opposition to data center construction has been a feature of the midterm elections set for Tuesday, Nov. 3.

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CEO of BlackRock, Larry Fink tells CNBC that a moratorium on the construction of data centers can lead the U.S. economy to recession

Larry Fink argued that a moratorium on data center construction could push the U.S. into a recession by curbing investments linked to artificial intelligence infrastructure. His statements come amid local opposition over water consumption, utility costs, and environmental impact.

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CNBC broke the news in Englewood Cliffs, United States on Wednesday, October 14, 2026.
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