The Fed = Federal Reserve, which is the central bank of the United States, has decided to continue raising interest rates by 0.25%.
On the other hand, Fed Chairman Jerome Powell emphasized the need to strengthen supervision and regulation of banks in light of a series of bank failures.

The Fed decided to raise the interest rate by 21.2% at its two-day meeting from the 0st.

This is because indicators on prices and the labor market were stronger than expected amid simmering financial instability.

At a press conference, Powell said, "Meeting participants expect inflation to decline gradually, but still do not expect a rate cut later this year."

The Fed also presented an outlook for rates from 25 participants in the meeting.

As a result, it was assumed that there would be one more rate hike of 18.1%.

Chairman Powell: "We need to supervise banks and tighten regulations"

On the other hand, regarding the bankrupt Silicon Valley Bank, Chairman Powell emphasized that "management has expanded very rapidly and has not taken measures to avoid risk, and huge installations have occurred at an unprecedented rate," emphasizing that there are problems with the bank's management and not the problem of the entire U.S. banking system.

He then stated that "the essence of bank screening is to prevent such a situation from occurring," and that it is necessary to strengthen supervision and regulation of banks.

Deposit outflow at regional banks in the western U.S. Affected by the bankruptcy of two banks

A deposit outflow has occurred at a regional bank based in western California. The bank's holding company claims that customers withdrew their deposits due to a series of bank failures.

The holding company, which owns Pacific Western Bank, a regional bank based in California, announced on the 22nd that the bank's deposit balance as of March 20 was 271.68 billion dollars, a decrease of 20.10 billion dollars, or 12%, from the end of last year.

The company says that two banks in the United States, Silicon Valley Bank and Signature Bank, went bankrupt one after another on the 2th and 14th of this month, resulting in an outflow of deposits.

On the other hand, the company said that it has strengthened its cash flow by raising $21.11 billion from private investment companies and borrowing $16.300 billion through the framework newly introduced by the Fed = Federal Reserve to provide additional funds to financial institutions.

In the United States, First Republic Bank, also based in California, is also reported to have had its deposits outflowed, and <> major financial institutions have deposited a total of $<> billion on the <>th to provide support, and there is a growing movement to suppress financial instability.