BlackRock’s Larry Fink warns of ‘slow rolling crisis’ as Fed’s inflation fight drags on for years

BlackRock Inc. co-founder and CEO Larry Fink warned his firm’s investors that the Federal Reserve’s aggressive interest-rate hikes were the “first domino to fall” in what could be a “slow-rolling crisis” similar to other “spectacular financial flameouts” of the past.

In his latest annual letter to shareholders, published early Wednesday morning in New York, the BlackRock founder blamed the Federal Reserve and federal government for leaving the global financial system in a precarious position by stoking the worst bout of inflation…