BlackRock CEO warns US could face recession if data center ban is imposed

​BlackRock CEO Larry Fink has warned Americans about a recession. Fink has cautioned that a halt to data center construction in the US could push the country into a recession. He also noted that the country’s economy increasingly depends on investments in artificial intelligence (AI) infrastructure. His remarks come as opposition to data center projects gains attention ahead of the November 3 midterm elections, with communities raising concerns about electricity bills, water consumption and environmental damage.​Speaking to CNBC, Fink defended the industry's expansion while acknowledging public concerns about its impact. He said a significant pause in construction could affect the wider economy, as spending on data centers supports jobs, hardware manufacturing and energy infrastructure.