{"id":619289,"date":"2026-02-06T02:04:31","date_gmt":"2026-02-06T10:04:31","guid":{"rendered":"https:\/\/nai500.com\/?p=619289"},"modified":"2026-02-06T02:04:31","modified_gmt":"2026-02-06T10:04:31","slug":"warsh-clarida","status":"publish","type":"post","link":"https:\/\/nai500.com\/zh-hant\/blog\/2026\/02\/warsh-clarida\/","title":{"rendered":"Warsh\u3001Clarida \u8207\u806f\u6e96\u6703\u9818\u5c0e\u98a8\u96aa\u6ea2\u916c"},"content":{"rendered":"

\u5e02\u5834\u8072\u7a31\u8a0e\u53ad\u4e0d\u78ba\u5b9a\u6027\uff0c\u537b\u53c8\u4ee5\u9023\u7e8c\u6027\u70ba\u7406\u6240\u7576\u7136\u5728\u4ea4\u6613\u3002\u82e5\u97cc\u6027\u53ea\u662f\u88ab\u4fe1\u5fc3\u6232\u5287\u5ef6\u5b95\u7684\u8106\u5f31\u6027\u5462\uff1f\u4e00\u4f4d\u73fe\u4efb\u5927\u578b\u50b5\u5238\u7ba1\u7406\u4eba\u7684\u524d Fed \u526f\u4e3b\u5e2d\u525b\u5c0d\u53ef\u80fd\u7684\u65b0\u4e3b\u5e2d Kevin Warsh \u767c\u8868\u610f\u898b\u3002\u8a0e\u8ad6\u5df2\u7d93\u88ab\u9df9\u6d3e\u8207\u9d3f\u6d3e\u6240\u7e8f\u7e5e\u3002\u66f4\u6df1\u4e00\u5c64\u4e14\u66f4\u5371\u96aa\u7684\u554f\u984c\u5176\u5be6\u66f4\u7c21\u55ae\uff1a\u6295\u8cc7\u4eba\u662f\u5426\u5df2\u5c07\u7f8e\u5143\u9ad4\u7cfb\u6838\u5fc3\u7a81\u767c\u5236\u5ea6\u8f49\u8b8a\u7684\u6210\u672c\u5165\u50f9\uff1f<\/p>\n

\u806f\u6e96\u6703\u4e3b\u5e2d\u66f4\u66ff\u662f\u7d50\u69cb\u6027\u65b7\u88c2<\/h3>\n

\u806f\u90a6\u6e96\u5099\u7406\u4e8b\u6703\u7684\u4e3b\u5e2d\u4e26\u975e\u98a8\u683c\u4e0a\u7684\u9ede\u7db4\u3002\u5b83\u662f\u5e02\u5834\u67b6\u69cb\u4e2d\u7684\u627f\u91cd\u6a11\u3002Bloomberg \u8207\u4e00\u4f4d\u524d\u526f\u4e3b\u5e2d\u95dc\u65bc Warsh \u63d0\u540d\u7684\u8ac7\u8a71\uff0c\u662f\u91cd\u65b0\u6aa2\u8996\u4e00\u500b\u820a\u932f\u8aa4\u7684\u6709\u7528\u89f8\u767c\u3002\u6295\u8cc7\u4eba\u628a\u9818\u5c0e\u5c64\u8996\u70ba\u570d\u7e5e\u7a69\u5b9a\u898f\u5247\u7684\u566a\u97f3\u3002\u6b77\u53f2\u8868\u660e\uff0c\u9818\u5c0e\u5c64\u662f\u7d50\u69cb\u6027\u65b7\u88c2\u7684\u4f86\u6e90\u3002\u7576 Alan Greenspan \u5728 1987 \u5e74\u5d29\u76e4\u5f8c\u767c\u8868\u7c21\u55ae\u7684\u6d41\u52d5\u6027\u627f\u8afe\u6642\uff0c\u4ed6\u8a2d\u5b9a\u4e86\u4e00\u500b\u95dc\u65bc\u5e72\u9810\u7684\u671f\u5f85\uff0c\u8a72\u671f\u5f85\u7684\u751f\u547d\u529b\u8d85\u8d8a\u4e86\u5371\u6a5f\u672c\u8eab\u3002\u7576 Ben Bernanke \u5728 2013 \u5e74\u8a66\u5716\u660e\u78ba\u524d\u77bb\u6307\u5f15\u6642\uff0c\u7e2e\u6e1b\u6050\u614c\u986f\u793a\u51fa\u90a3\u4e9b\u671f\u5f85\u5176\u5be6\u591a\u9ebc\u8106\u5f31\u3002Jerome Powell \u5728 2018 \u5e74\u95dc\u65bc\u8ddd\u4e2d\u6027\u5229\u7387\u9084\u5f88\u9060\u7684\u8a00\u8ad6\uff0c\u4fc3\u6210\u4e86\u5287\u70c8\u7684\u7b2c\u56db\u5b63\u6ce2\u52d5\uff0c\u4e4b\u5f8c\u53c8\u8f49\u5411\u3002\u9ad8\u5c64\u66f4\u66ff\u4e0d\u662f\u95dc\u65bc 25 \u500b\u57fa\u9ede\u7684\u554f\u984c\u3002\u5b83\u662f\u53cd\u61c9\u51fd\u6578\u3001\u5c0d\u4e0d\u78ba\u5b9a\u6027\u7684\u5bb9\u5fcd\u5ea6\uff0c\u4ee5\u53ca\u5354\u8abf\u6578\u5146\u8cc7\u7522\u7684\u6e9d\u901a\u6846\u67b6\u7684\u8f49\u8b8a\u3002\u90a3\u5c31\u662f\u4e00\u7a2e\u5236\u5ea6\u8b8a\u9077\u3002\u8981\u628a\u5b83\u7576\u4f5c\u5236\u5ea6\u8b8a\u9077\u4f86\u770b\u5f85\u3002<\/p>\n

\u524d\u77bb\u6307\u5f15\u4f5c\u70ba\u5354\u8abf\u904a\u6232<\/h3>\n

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\u898f\u5247\u3001\u88c1\u91cf\u8207\u6ce2\u52d5\u6027\u7a05<\/h3>\n

Warsh \u8207\u8f03\u70ba\u9075\u5faa\u898f\u5247\u7684\u505a\u6cd5\u4ee5\u53ca\u9858\u610f\u679c\u65b7\u884c\u52d5\u806f\u7e6b\u5728\u4e00\u8d77\u3002\u652f\u6301\u8005\u770b\u5230\u7d00\u5f8b\u8207\u5275\u65b0\uff1b\u6279\u8a55\u8005\u770b\u5230\u653f\u7b56\u932f\u8aa4\u7684\u6a5f\u7387\u63d0\u9ad8\u3002\u5169\u8005\u90fd\u5ffd\u7565\u4e86\u7b2c\u4e09\u5c64\u9762\uff1a\u96b1\u85cf\u7684\u51f8\u5ea6\u3002\u9818\u5c0e\u5c64\u504f\u5411\u66f4\u5feb\u884c\u52d5\u8207\u66f4\u7c21\u7d04\u7684\u6307\u5f15\uff0c\u5373\u4fbf\u5c0d\u6210\u9577\u8207\u901a\u81a8\u7684\u4e2d\u4f4d\u8def\u5f91\u4e0d\u8b8a\uff0c\u4e5f\u6703\u63d0\u9ad8\u5c3e\u90e8\u98a8\u96aa\u3002\u5f9e\u6a5f\u7387\u4e0a\u770b\uff0c\u5e73\u5747\u503c\u53ef\u4ee5\u7dad\u6301\u4e0d\u8b8a\uff0c\u800c\u5206\u914d\u537b\u8b8a\u80d6\u3002\u90a3\u6703\u5728\u8cc7\u7522\u985e\u5225\u9593\u5275\u9020\u4e00\u7a2e\u6ce2\u52d5\u6027\u7a05\u3002\u62b5\u62bc\u8cb8\u6b3e\u51f8\u5ea6\u907f\u96aa\u8005\u5728\u8ce3\u58d3\u4e2d\u8ce3\u51fa\u3002\u98a8\u96aa\u5e73\u50f9\u7b56\u7565\u6a5f\u68b0\u6027\u5730\u5728\u8f03\u8584\u7684\u6d41\u52d5\u6027\u4e2d\u518d\u5e73\u8861\u3002\u53bb\u69d3\u687f\u64ca\u4e2d\u76f8\u540c\u7684\u64c1\u64e0\u4ea4\u6613\u3002Financial Times \u628a\u8108\u7d61\u9023\u56de\u904e\u53bb\u9707\u52d5\u5e02\u5834\u7684\u6c7a\u7b56\u662f\u5c0d\u7684\u3002\u91cd\u9ede\u4e0d\u662f\u91cd\u5be9\u90a3\u4e9b\u4e8b\u4ef6\uff0c\u800c\u662f\u627f\u8a8d\u7cfb\u7d71\u5df2\u7d2f\u7a4d\u91dd\u5c0d\u4e0a\u4e00\u500b\u9ad4\u5236\u6700\u4f73\u5316\u7684\u7b56\u7565\u3002\u50cf\u70ba\u5e73\u7a69\u6c23\u6d41\u8abf\u6821\u7684\u98db\u6a5f\uff0c\u5b83\u5728\u9047\u5230\u4e82\u6d41\u524d\u6548\u7387\u6975\u9ad8\uff1b\u7136\u5f8c\u6700\u4f73\u5316\u8b8a\u6210\u8106\u5f31\u3002\u4e3b\u5e2d\u66f4\u66ff\u672c\u8cea\u4e0a\u5c31\u662f\u4e00\u500b\u4e82\u6d41\u88fd\u9020\u8005\u3002<\/p>\n

\u8cc7\u7522\u8ca0\u50b5\u8868\u7ba1\u7dda\u8207\u57fa\u5dee\u4ea4\u6613<\/h3>\n

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\u6563\u6236\u6295\u6a5f\u4f5c\u70ba\u52a0\u901f\u5291<\/h3>\n

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