The US Federal Reserve (#Fed) increased the interest rate by 25 basis points. #Powell: #Banking sector conditions have generally improved. We are determined to reduce #inflation to 2% again. We continue to focus on #price stability and maximum employment. We will take a data-driven approach. #Inflationary pressures continue to be high. We have a long way to go before #inflation returns to 2%. #Powell: If more rate hikes are needed, we're prepared to do more. We will get the answer whether the #interest rate hikes have stopped at the June meeting. #Fed experts' forecasts are independent of Fed policy makers' forecasts. The estimations of the #experts in this meeting were generally similar to the March meeting. #Powell: My predictions include no recession, moderate growth. Consolidation in the #banking sector has been going on for a while. We do not have an agenda for further bank consolidation. #Financial stability and monetary policy tools work well together.