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.
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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