BlackRock (BLK) - Get BlackRock, Inc. Report Chairman and CEO Larry Fink believes President Trump should "focus on infrastructure" vs. regulatory and tax reform.

"A reduction in regulation is necessary. I do believe it will unlock some money, it will streamline our economy," Fink told Fox Business Network. "But probably the simplest thing the president can do is to really focus on infrastructure."

Fink believes Trump should focus on Build America Bonds, taxable bonds created during the financial crisis, to give an "immediate shock to the local communities."

"It would create jobs very rapidly and we would finally start breaking down this horrible path we are in of having among the worst infrastructure in the world," Fink said.

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