Trump’s trade war with China is the biggest risk to the global economy, BlackRock exec says

September 4, 2018


President Donald Trump’s trade policies pose the greatest threat to global economic growth, according to the vice chairman of the world’s largest money manager.

In an interview Tuesday, BlackRock’s Philipp Hildebrand also described the Federal Reserve’s current pace of credit tightening as “healthy” and “necessary.”

The U.S. central bank, which began tightening monetary policy in 2015, has raised rates twice this year and is widely expected to do so again this month and in December.

Read More on CNBC