US central bankers see no reason to pause their current course of gradual interest rate hikes amid the US economy's brisk expansion, according to minutes released last night. 

Further rate hikes "would most likely be consistent" with the current period of firming inflation and historically low unemployment.

This is according to minutes from the Federal Reserve's most recent meeting three weeks ago. 
             
But some Fed members warned that instability in emerging markets - many of which are heavily indebted and vulnerable when US rates rise - could "spread more broadly through the global economy and financial markets."

The Fed's steady increases in benchmark lending rates have infuriated President Donald Trump, who recently called the bank's policymakers "crazy," "loco" and his "biggest threat."