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“The world’s fine. There’s a lot of noise,” BlackRock (NYSE:BLK) Chairman and CEO Laurence Fink said on Tuesday at the RBC Capital Markets Global Financial Institutions Conference. “It’s not as bad as it was in the ’60s in the United States,” he added.

“There’s a lot of tension right now” in North America with the tariffs being implemented. Fink sees 2025 as a “rocky” year in the markets, and says investors should buy if there’s a big dip.

“I believe we’re getting set up for a big economic boom,” fueled by emerging technologies such as AI, he explained. Thinking two or three years out, “technology is going to be very deflationary” Fink said.

“Trends are going to be net positive in the long run for the United States” due to its position in capital markets. “We’ll find ways to navigate and mitigate,” he said.

For the short run, Fink sees a lot of inflation. “People are pausing, consumers are pausing, businesses are pausing,” he said

Expect volatility in the short run. Over the course of three or four quarters, “I think we’ll be resilient,” he said.

12:45 PM ET: One of the most significant acquisitions BlackRock (NYSE:BLK) has made is one of its smallest, its purchase of Preqin, giving it data on private markets, Fink said. That will allow the company to grow its private market products faster.

Updated at 12:39 PM ET: “Americans, historically, are much more hopeful about the future” than other parts of the world. He believes that the U.S.’s capital markets have transcended politics.

One strength of the U.S. economy is the housing market and its use of 30-year mortgages, which guarantees a homeowners’ mortgage payments for 30 years, he said. In other countries, mortgage rates vary over the course of the loan’s life.

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