"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.
(What will move markets this quarter and how should investors position themselves ahead of time? Jim Cramer sat down with four of TheStreet's top columnists recently to get their views. Click hereto listen to his latest Trading Strategies roundtable with them and read their advice for stocks, bonds, forex and gold.)