ISLAMABAD, Sept. 23 (Xinhua) -- A Pakistani expert has said that U.S. monetary policy will add fuel to the fire and aggravate the international economic situation.
Mir Mohammad Ali Khan, a former Wall Street investment banker, points out that U.S. decision-makers failed to slow down the U.S. economy before it's too late.
The U.S. Federal Reserve on Wednesday enacted the third consecutive three-quarter-point rate hike as it continued to ramp up its fight against surging inflation.
The expert warns that the Fed's aggressive decision will negatively impact the global economy, noting that emerging markets and third-world countries will suffer the most.
Produced by Xinhua Global Service