He Federal Open Market Committee (FOMC) of the Federal Reserve (Fed) of the United States increased the federal funds rate by a quarter of a percentage point in what was the second scheduled monetary meeting of the year and in the midst of the turbulence generated by the bankruptcy of three regional banks .
In a unanimous decision, the Committee brought the rate to a range of 4.75% to 5%, which is a level not seen since April 2006.
The Fed did not rule out tightening monetary politicsif necessary, to bring the inflation level to the 2 percent target.
Additionally, in press conferences, the banking authorities said that the situation of the banks in the United States is manageable and that the financial system is solid.
