“The most likely scenario is that we don’t expect a rate cut this year,” Powell said.
He also mentioned the possibility of further increases, saying, “If it is necessary to raise interest rates further, we will do so.”
In the recent crisis of small and medium-sized regional banks triggered by the collapse of Silicon Valley Bank, he emphasized that “the US banking system with solid capital and liquidity is sound and strong.”
It is interpreted as a stepping stone to catch the two ‘two rabbits’ such as bank anxiety and inflationary pressure.
