BlackRock CEO Larry Fink stated that delays in building data centers could increase computing costs and trigger broader inflation. According to Fink, expanding infrastructure capacity is essential to lower costs, as computing power has become a fundamental input for businesses across the entire economy.
In an interview on October 21, 2026, Fink emphasized that the primary risk lies in the slow pace of construction rather than overbuilding. He previously warned on October 14, 2026, that a moratorium on such projects could potentially lead the United States into a recession by reducing capital expenditures.
Fink dismissed public opposition to data centers as misinformation, noting that these projects create jobs. By July 2026, more than 100 localities, including New York and Loudoun County, Virginia, had implemented construction moratoriums.
The financial stakes are significant, with Moody’s projecting that US spending on data centers will reach approximately $700 billion in 2026 alone.
