During a press conference, US Federal Reserve Bank member Neel Kashkari said rate hike pace was strong. His most prominent comments were as follows:
- The turmoil in emerging markets, as in Turkey, may affect the pace of global growth.
- Tension in trade is one of the most important challenges facing the US economy.
- The economy couldn't afford accelerating in interest rate growth.
- The economy may slip into recession if the interest rate continues to rise.
