{"id":621418,"date":"2026-02-20T03:18:17","date_gmt":"2026-02-20T11:18:17","guid":{"rendered":"https:\/\/nai500.com\/?p=621418"},"modified":"2026-02-20T03:18:17","modified_gmt":"2026-02-20T11:18:17","slug":"powell-fed","status":"publish","type":"post","link":"https:\/\/nai500.com\/zh-hant\/blog\/2026\/02\/powell-fed\/","title":{"rendered":"Powell \u7684\u771f\u6b63\u4f5c\u70ba\uff1a\u8b93 Fed \u7684\u53ef\u4fe1\u5ea6\u518d\u6b21\u8b8a\u5f97\u7121\u8da3"},"content":{"rendered":"<p>\u5c0d\u4e2d\u592e\u9280\u884c\u6700\u5371\u96aa\u7684\u653b\u64ca\u4e0d\u662f\u653f\u8b8a\uff0c\u800c\u662f\u53ef\u4fe1\u5ea6\u7684\u7de9\u6162\u6d41\u5931\u3002\u83ef\u76db\u9813\u7684\u982d\u689d\u98a8\u96aa\u662f\u566a\u97f3\uff1b\u7cfb\u7d71\u6027\u98a8\u96aa\u662f\u6f02\u79fb\u3002Bloomberg \u95dc\u65bc\u4f7f Federal Reserve \u6297 Trump \u7684\u5831\u5c0e\u6307\u5411\u4e00\u500b\u66f4\u6df1\u7684\u771f\u76f8\uff1a\u7368\u7acb\u6027\u4e0d\u662f\u88ab\u4e00\u8072\u5de8\u97ff\u6467\u6bc0\uff0c\u800c\u662f\u88ab\u4e00\u500b\u773c\u795e\u3001\u4e00\u62ac\u7709\u3001\u4ee5\u53ca\u4e00\u6b21\u7a0d\u5fae\u504f\u96e2\u7684\u653f\u7b56\u6703\u8b70\u6084\u7136\u8755\u5f31\u3002\u8106\u5f31\u6027\u5c31\u85cf\u5728\u90a3\u4e9b\u5bf8\u8a31\u4e4b\u9593\u3002<\/p>\n<h3>Fed \u7684\u7368\u7acb\u6027\u5728\u6700\u7cdf\u7684\u90a3\u5929\u6700\u5f37<\/h3>\n<p>\u7576\u5236\u5ea6\u81ea\u4e3b\u5f88\u5bb9\u6613\u6642\uff0c\u5b83\u5c31\u4e0d\u518d\u662f\u4e00\u7a2e\u7f8e\u5fb7\uff0c\u800c\u61c9\u88ab\u7576\u6210\u58d3\u529b\u6e2c\u8a66\u3002\u91dd\u5c0d Fed \u4e3b\u5e2d\u6709\u95dc\u4e00\u68df\u5efa\u7bc9\u7ffb\u4fee\u7684\u8b49\u8a5e\u9032\u884c\u806f\u90a6\u8abf\u67e5\uff0c\u5c0d\u8a31\u591a\u83ef\u723e\u8857\u4eba\u58eb\u4f86\u8aaa\u770b\u8d77\u4f86\u50cf\u662f\u85c9\u53e3\u3002\u4e0d\u8ad6\u8abf\u67e5\u80fd\u5426\u6210\u884c\uff0c\u4fe1\u865f\u672c\u8eab\u66f4\u91cd\u8981\u3002\u5982\u679c\u653f\u7b56\u9078\u64c7\u96b1\u542b\u6cd5\u5f8b\u6216\u9810\u7b97\u5831\u5fa9\u7684\u5a01\u8105\uff0c\u6c7a\u7b56\u6703\u88ab\u8499\u4e0a\u4e00\u5c64\u9670\u5f71\u3002\u4e00\u5bb6\u5927\u578b\u8cc7\u7522\u7ba1\u7406\u516c\u53f8\u6307\u51fa\uff0c\u672a\u4f86\u5229\u7387\u6c7a\u5b9a\u53ef\u80fd\u6703\u5728\u9670\u5f71\u4e0b\u4f5c\u51fa\u3002\u90a3\u5c31\u662f\u6ed1\u5761\u3002\u5e02\u5834\u6703\u6298\u73fe\u660e\u986f\u7684\u63a7\u5236\uff0c\u4f46\u4f4e\u4f30\u81ea\u6211\u5be9\u67e5\u3002\u535a\u5f08\u8ad6\u7a31\u4e4b\u70ba\u5e36\u6709\u61f2\u7f70\u7684\u91cd\u8907\u535a\u5f08\u3002\u591a\u6578\u73a9\u5bb6\u6703\u70ba\u4e86\u907f\u514d\u89f8\u767c\u6a5f\u5236\u800c\u63d0\u65e9\u8b93\u6b65\u3002<\/p>\n<h3>\u653f\u6cbb\u98a8\u96aa\u85cf\u5728\u7ba1\u7dda\u88e1<\/h3>\n<p>\u5e02\u5834\u628a\u7126\u9ede\u653e\u5728\u4e3b\u5e2d\u8eab\u4e0a\uff0c\u4f46\u4e3b\u5e2d\u4e0d\u662f\u6574\u500b\u9ad4\u7cfb\u3002\u8106\u5f31\u6027\u662f\u4e16\u4fd7\u7684\uff1a\u8ab0\u8a2d\u5b9a\u9810\u7b97\uff0c\u8ab0\u586b\u88dc\u7a7a\u7f3a\uff0c\u5982\u4f55\u6c7a\u5b9a Reserve Banks \u7684\u7e3d\u88c1\uff0c\u570b\u6703\u662f\u5426\u80fd\u628a Fed \u7684\u64cd\u4f5c\u7d0d\u5165\u5e74\u5ea6\u64a5\u6b3e\u3002\u6539\u8b8a\u7ba1\u7dda\uff0c\u5c31\u4e0d\u5fc5\u6539\u8b8a\u6295\u7968\u7d50\u679c\u3002\u6700\u9ad8\u6cd5\u9662\u95dc\u65bc\u6a5f\u69cb\u8cc7\u91d1\u8207\u7d50\u69cb\u7684\u722d\u8b70\u4e4b\u6240\u4ee5\u91cd\u8981\uff0c\u662f\u56e0\u70ba\u5b83\u91cd\u65b0\u5283\u5b9a\u653f\u6cbb\u76e3\u7763\u8207\u6280\u8853\u6027\u88c1\u91cf\u4e4b\u9593\u7684\u908a\u754c\u3002Powell \u8aaa\u9019\u500b\u6848\u4ef6\u53ef\u80fd\u662f Fed \u6b77\u53f2\u4e0a\u6700\u91cd\u8981\u7684\u6848\u4ef6\u4e0d\u662f\u6c92\u6709\u7406\u7531\u7684\u3002\u4e00\u500b\u5c0f\u5c0f\u7684\u6cd5\u5f8b\u8abf\u6574\u6703\u6f14\u8b8a\u6210\u5de8\u5927\u7684\u884c\u70ba\u8b8a\u5316\u3002\u60f3\u50cf\u4e00\u5ea7\u770b\u4f3c\u5805\u56fa\u7684\u6a4b\u6881\uff0c\u76f4\u5230\u5074\u98a8\u5439\u58de\u4e00\u9846\u8584\u5f31\u7684\u925a\u91d8\u3002<\/p>\n<h3>\u5370\u9214\u7684\u8a98\u60d1\u662f\u4e00\u500b\u6c38\u6046\u7684\u554f\u984c<\/h3>\n<p>\u9019\u500b\u9677\u9631\u7531\u4f86\u5df2\u4e45\u3002Kydland \u548c Prescott \u7a31\u4e4b\u70ba\u6642\u9593\u4e0d\u4e00\u81f4\u6027\u3002\u653f\u6cbb\u4eba\u7269\u91cd\u8996\u77ed\u671f\u6210\u9577\uff0c\u4e2d\u592e\u9280\u884c\u5247\u5fc5\u9808\u7dad\u6301\u9577\u671f\u7269\u50f9\u7a69\u5b9a\u3002\u7576\u540c\u4e00\u96bb\u624b\u63e1\u8457\u5169\u500b\u69d3\u687f\u6642\uff0c\u901a\u81a8\u901a\u5e38\u6703\u52dd\u51fa\u3002\u7f8e\u570b\u7684 1970 \u5e74\u4ee3\u3001\u62c9\u7f8e\u7684\u9577\u671f\u901a\u81a8\u4ee5\u53ca 1951 \u5e74 Treasury\u2013Fed Accord \u4e4b\u524d\u7684\u6230\u5f8c\u76ef\u4f4f\u532f\u7387\u90fd\u8b1b\u8ff0\u4e86\u540c\u6a23\u7684\u6545\u4e8b\u3002\u4e00\u5bb6\u83ef\u76db\u9813\u653f\u7b56\u7814\u7a76\u6a5f\u69cb\u7684\u6700\u65b0\u7814\u7a76\u628a\u6642\u9593\u63a8\u5230 2040 \u5e74\uff1a\u524a\u5f31\u7368\u7acb\u6027\u5f88\u53ef\u80fd\u5c0e\u81f4\u66f4\u9ad8\u7684\u901a\u81a8\u548c\u6578\u5146\u7f8e\u5143\u7684\u5be6\u8cea\u7522\u51fa\u640d\u5931\u3002\u4f60\u4e0d\u9700\u8981\u76f8\u4fe1\u5177\u9ad4\u6578\u5b57\uff0c\u4e5f\u80fd\u7406\u89e3\u65b9\u5411\u3002\u640d\u5931\u8d77\u521d\u4e26\u4e0d\u5287\u70c8\uff0c\u800c\u662f\u7de9\u6162\u8513\u5ef6\u3002\u9810\u671f\u91cd\u65b0\u9328\u5b9a\u5230\u8f03\u9ad8\u6c34\u5e73\u3002\u5de5\u8cc7\u8a2d\u5b9a\u8abf\u6574\u3002\u671f\u9650\u6ea2\u50f9\u64f4\u5927\u3002\u5e33\u55ae\u5728\u591a\u5e74\u5f8c\u5230\u671f\u3002<\/p>\n<h3>\u5e02\u5834\u70ba\u53ef\u4fe1\u5ea6\u5b9a\u50f9\u2014\u2014\u76f4\u5230\u4e0d\u518d\u9019\u9ebc\u505a<\/h3>\n<p>\u6295\u8cc7\u4eba\u4e26\u975e\u76f2\u76ee\uff0c\u4ed6\u5011\u756b\u51fa\u6a5f\u7387\u6a39\u3002\u4ed6\u5011\u5438\u6536\u95dc\u65bc\u8abf\u67e5\u7684\u982d\u689d\u4ee5\u53ca\u4f86\u81ea Frankfurt \u548c Threadneedle Street \u7684\u652f\u6301\u4fe1\u3002\u4ed6\u5011\u4e5f\u6703\u9328\u5b9a\u57fa\u6e96\u5229\u7387\u3002\u57fa\u6e96\u5229\u7387\u8868\u793a Fed \u62b5\u6297\u58d3\u529b\u4e14\u901a\u81a8\u6b63\u5728\u7de9\u548c\u3002\u56e0\u6b64\u5e02\u5834\u70ba\u88ab\u6355\u6349\u7684\u53ef\u80fd\u6027\u5b9a\u51fa\u4f4e\u6a5f\u7387\uff0c\u4e26\u5c0d\u5c3e\u90e8\u98a8\u96aa\u52a0\u6536\u5c0f\u5e45\u6ea2\u50f9\u3002\u9019\u662f\u9023\u8cab\u7684\uff0c\u76f4\u5230\u4e0d\u9023\u8cab\u70ba\u6b62\u3002\u53ef\u4fe1\u5ea6\u50cf\u6d41\u52d5\u6027\uff1a\u5b83\u8c50\u6c9b\uff0c\u76f4\u5230\u4e00\u6b21\u7cdf\u7cd5\u7684\u62cd\u8ce3\u4f7f\u5229\u5dee\u64f4\u5927\uff0c\u800c\u64f4\u5927\u7684\u52d5\u4f5c\u53c8\u81ea\u6211\u653e\u5927\u3002\u53ef\u4ee5\u63cf\u7e6a\u4e00\u500b\u7c21\u55ae\u60c5\u5883\uff1a\u6709 10% \u5230 15% \u7684\u6a5f\u7387\uff0c\u653f\u7b56\u88ab\u8a8d\u70ba\u653f\u6cbb\u5316\u5230\u8db3\u4ee5\u89e3\u958b\u9577\u671f\u9810\u671f\u7684\u9328\u5b9a\u3002\u82e5\u8a72\u5c3e\u90e8\u98a8\u96aa\u6210\u771f\uff0c\u984d\u5916 50 \u5230 100 \u500b\u57fa\u9ede\u7684\u671f\u9650\u6ea2\u50f9\u662f\u5408\u7406\u7684\u3002\u50b5\u5238\u6578\u5b78\u4e0d\u5728\u4e4e\u54ea\u500b\u653f\u5e9c\u62c9\u687f\uff0c\u5b83\u5728\u4e4e\u6295\u8cc7\u4eba\u76f8\u4fe1\u69d3\u687f\u662f\u7d81\u5728\u9031\u671f\u4e0a\u9084\u662f\u7d81\u5728\u6c11\u8abf\u4e0a\u3002<\/p>\n<h3>\u4e2d\u592e\u9280\u884c\u7684\u53cd\u8106\u5f31\u6027<\/h3>\n<p>\u53cd\u8106\u5f31\u610f\u5473\u8457\u7cfb\u7d71\u80fd\u5f9e\u58d3\u529b\u4e2d\u8b8a\u5f97\u66f4\u5f37\u3002\u4e2d\u592e\u9280\u884c\u80fd\u505a\u5230\u55ce\uff1f\u53ef\u4ee5\uff0c\u65b9\u6cd5\u662f\u628a\u88c1\u91cf\u6b0a\u8f49\u5316\u70ba\u9810\u5148\u627f\u8afe\u3002\u5c0d\u8cc7\u7522\u8ca0\u50b5\u8868\u653f\u7b56\u63a1\u7528\u66f4\u504f\u898f\u5247\u5316\u7684\u6846\u67b6\u3002\u66f4\u6e05\u6670\u7684\u53cd\u61c9\u51fd\u6578\u4ee5\u964d\u4f4e\u53e3\u982d\u65bd\u58d3\u7684\u653f\u6cbb\u50f9\u503c\u3002\u64f4\u5927\u6c7a\u7b56\u6b0a\u5728\u5340\u57df\u7e3d\u88c1\u4e4b\u9593\u7684\u5206\u5e03\uff0c\u800c\u9019\u4e9b\u4eba\u9078\u4e0d\u80fd\u4e00\u5915\u88ab\u6355\u6349\u3002\u6df1\u5316\u6d41\u52d5\u6027\u5f8c\u5099\u6a5f\u5236\uff0c\u4f7f\u5176\u6a5f\u68b0\u6027\u904b\u4f5c\u800c\u975e\u900f\u904e\u81e8\u6642\u5e72\u9810\u3002\u4ee5\u53ca\u95dc\u9375\u7684\u4e00\u9ede\uff1a\u5f62\u6210\u4e00\u7a2e\u6587\u5316\u898f\u7bc4\uff0c\u5373\u4e3b\u5e2d\u662f\u300c\u9996\u4f4d\u540c\u5115\u300d\u800c\u4e0d\u662f\u907f\u96f7\u91dd\u3002Powell \u7684\u4f4e\u8abf\u7b56\u7565\u4f3c\u4e4e\u5c31\u662f\u5728\u4ed6\u4ecd\u6709\u6a5f\u6703\u6642\uff0c\u5c07\u9019\u4e9b\u8b77\u6b04\u7262\u56fa\u9396\u5b9a\u3002\u5982\u679c\u5236\u5ea6\u5728\u58d3\u529b\u4e0b\u7684\u884c\u70ba\u53ef\u9810\u6e2c\uff0c\u65bd\u58d3\u5b83\u7684\u908a\u969b\u6548\u76ca\u5c31\u6703\u4e0b\u964d\u3002\u81ea\u7136\u61f2\u7f70\u55ae\u9ede\u6545\u969c\uff0c\u5e02\u5834\u4ea6\u7136\u3002<\/p>\n<h3>\u5168\u7403\u7684\u93e1\u50cf\u8207\u6f02\u79fb\u7684\u4ee3\u50f9<\/h3>\n<p>\u570b\u5916\u7684\u4e2d\u592e\u9280\u884c\u5bb6\u70ba\u634d\u885b Fed \u7368\u7acb\u6027\u800c\u639b\u540d\u8868\u614b\u3002\u90a3\u7a2e\u5718\u7d50\u4e0d\u662f\u65bd\u6368\uff0c\u800c\u662f\u81ea\u5229\u3002\u7f8e\u5143\u65e2\u662f\u5b83\u5011\u7684\u9328\uff0c\u4e5f\u662f\u5b83\u5011\u7684\u7af6\u722d\u8005\u3002\u5982\u679c Fed \u7684\u4efb\u52d9\u6f02\u79fb\uff0c\u5b83\u5011\u6703\u628a\u90a3\u7a2e\u6ce2\u52d5\u6027\u9032\u53e3\u56de\u53bb\u3002\u6b77\u53f2\u986f\u793a\u7576\u53ef\u4fe1\u5ea6\u52d5\u6416\u6642\uff0c\u8ca8\u5e63\u6ea2\u50f9\u91cd\u65b0\u5b9a\u50f9\u7684\u901f\u5ea6\u6709\u591a\u5feb\u30021992 \u5e74 ERM \u5371\u6a5f\u548c\u5404\u7a2e\u65b0\u8208\u5e02\u5834\u4e8b\u4ef6\u4e26\u975e\u7531\u55ae\u4e00\u982d\u689d\u5f15\u767c\uff0c\u800c\u662f\u7a4d\u7d2f\u7684\u7591\u616e\u9020\u6210\u7684\u3002\u5982\u679c\u7f8e\u570b\u767c\u51fa\u653f\u7b56\u53ef\u4ee5\u88ab\u64cd\u5f04\u7684\u4fe1\u865f\uff0c\u5176\u4ed6\u570b\u5bb6\u6703\u5c0d\u6c96\u3002\u90a3\u500b\u5c0d\u6c96\u4ee5\u66f4\u9ad8\u7684\u570b\u50b5\u878d\u8cc7\u6210\u672c\u3001\u5c0d\u501f\u6b3e\u4eba\u4f86\u8aaa\u66f4\u6602\u8cb4\u7684\u7f8e\u5143\u3001\u4ee5\u53ca\u98a8\u96aa\u8cc7\u7522\u8f03\u4f4e\u7684\u500d\u6578\u5448\u73fe\u51fa\u4f86\u3002\u4f60\u4e0d\u9700\u8981\u4e00\u5834\u5371\u6a5f\u4f86\u652f\u4ed8\u90a3\u500b\u7a05\uff1b\u6162\u6027\u6d41\u5931\u5c31\u8db3\u5920\u4e86\u3002<\/p>\n<h3>\u7576\u4e0b\u91cd\u8981\u7684\u975c\u9ed8\u5de5\u5177<\/h3>\n<p>\u9019\u88e1\u6709\u4e00\u5957\u5be6\u969b\u7684\u4f5c\u6cd5\uff0c\u4e0d\u4f9d\u8cf4\u500b\u4eba\u4eba\u683c\u3002\u4ee5\u91cd\u8996\u9023\u7e8c\u6027\u52dd\u65bc\u6232\u5287\u6027\u7684\u6280\u8853\u5b98\u50da\u586b\u6eff Board \u5e2d\u4f4d\u3002\u516c\u5e03\u66f4\u6a5f\u68b0\u5316\u7684\u9000\u5834\u3001\u6e96\u5099\u91d1\u5145\u8db3\u8207\u5e38\u8a2d\u5de5\u5177\u7684\u6307\u5f15\uff0c\u4f7f\u6bcf\u65e5\u88c1\u91cf\u8f03\u5c11\u88ab\u653f\u6cbb\u5316\u3002\u63a8\u52d5\u5167\u90e8\u6d41\u7a0b\u4ee5\u64f4\u5927\u654f\u611f\u884c\u52d5\u7684\u7c3d\u6838\u5708\u3002\u6f84\u6e05\u6e9d\u901a\uff0c\u4f7f Summary of Economic Projections \u8207\u5be6\u969b\u8def\u5f91\u4e4b\u9593\u7684\u8ddd\u96e2\u66f4\u7a84\u3002\u5229\u7528\u4eba\u4e8b\u8207\u4efb\u671f\u7d50\u69cb\u4f5c\u70ba\u58d3\u8259\u77f3\uff1a\u4e3b\u5e2d\u53ef\u4ee5\u5728\u4efb\u671f\u7d50\u675f\u5f8c\u4ecd\u4fdd\u7559 governor \u8eab\u4efd\u4e0d\u662f\u8a3b\u8173\uff0c\u800c\u662f\u4e00\u9805\u8a2d\u8a08\u7279\u5fb5\uff0c\u8b93\u6a5f\u69cb\u5728\u9ad8\u5c64\u8b8a\u52d5\u6642\u4fdd\u6709\u8a18\u61b6\u3002\u9019\u4e9b\u90fd\u4e0d\u6703\u4e0a\u982d\u689d\uff0c\u4f46\u90fd\u80fd\u5f37\u5316\u6846\u67b6\u3002<\/p>\n<h3>\u98a8\u96aa\u6ea2\u50f9\u7e3d\u6703\u5c0b\u627e\u5f31\u6728<\/h3>\n<p>\u5e02\u5834\u5e0c\u671b\u76f8\u4fe1\u9019\u53ea\u662f\u77ed\u66ab\u7684\u653f\u6cbb\u6ce2\u52d5\u3002\u6216\u8a31\u771f\u7684\u662f\u3002\u4f46\u6b63\u78ba\u7684\u5fc3\u7406\u6a21\u578b\u662f\u53cd\u5411\u601d\u8003\uff1a\u5047\u8a2d\u5e38\u614b\u88ab\u6253\u7834\uff0c\u7136\u5f8c\u554f\u7b2c\u4e00\u500b\u5931\u9748\u7684\u662f\u4ec0\u9ebc\u3002\u9810\u7b97\u7368\u7acb\u6027\u662f\u4e00\u6839\u6a11\u3002\u4efb\u547d\u7bc0\u594f\u662f\u53e6\u4e00\u6839\u3002\u6cd5\u5f8b\u58d3\u529b\u4e0b\u7684\u884c\u70ba\u4e00\u81f4\u6027\u662f\u7b2c\u4e09\u6839\u3002\u7576\u4ea4\u6613\u54e1\u8aaa\u82e5\u5e72\u5e72\u6d89\u6210\u529f\uff0c\u8f03\u4f4e\u5229\u7387\u6216\u5bec\u9b06\u653f\u7b56\u6703\u63a8\u5347\u8cc7\u7522\u50f9\u683c\u6642\uff0c\u4ed6\u5011\u5ffd\u7565\u4e86\u4e8c\u968e\u6548\u61c9\u3002\u7576\u53ef\u4fe1\u5ea6\u4e0b\u964d\uff0c\u6298\u73fe\u7387\u4e0a\u5347\u3002\u5373\u4fbf\u653f\u7b56\u5229\u7387\u4e0b\u8dcc\uff0c\u80a1\u6b0a\u98a8\u96aa\u6ea2\u50f9\u4e5f\u53ef\u80fd\u64f4\u5927\u3002\u9019\u5c31\u662f\u8106\u5f31\u6027\u904b\u4f5c\u7684\u65b9\u5f0f\u3002\u901f\u6548\u4fee\u88dc\u5e36\u4f86\u7684\u6536\u76ca\u5728\u524d\u671f\uff0c\u800c\u88ab\u7834\u58de\u4fe1\u4efb\u7684\u640d\u5931\u5247\u6703\u8907\u5229\u7d2f\u7a4d\u3002<\/p>\n<p>\u5728\u6578\u64da\u7a69\u5b9a\u800c\u982d\u689d\u55a7\u56c2\u6642\u5f37\u5316\u6a5f\u69cb\u662f\u7406\u6027\u7684\u3002\u771f\u6b63\u7684\u6297 Trump \u63aa\u65bd\u662f\u9632\u4eba\u70ba\u7684\u3002\u5efa\u7acb\u4e00\u500b\u523b\u610f\u7121\u8da3\u3001\u6309\u8a2d\u8a08\u5197\u9918\u3001\u5728\u58d3\u529b\u4e0b\u53ef\u9810\u6e2c\u7684\u4e2d\u592e\u9280\u884c\u3002\u8b93\u6700\u7cdf\u7684\u90a3\u5929\u6210\u70ba\u898f\u5247\u4ecd\u7136\u6210\u7acb\u7684\u90a3\u5929\uff0c\u800c\u4e0d\u662f\u898f\u5247\u5f4e\u66f2\u7684\u90a3\u5929\u3002\u9019\u4e0d\u662f\u6d6a\u6f2b\uff0c\u800c\u662f\u6a4b\u6a11\u80fd\u5920\u5c79\u7acb\u4e0d\u5012\u7684\u65b9\u5f0f\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u5728\u653f\u6cbb\u58d3\u529b\u6500\u5347\u4e4b\u969b\uff0c\u592e\u884c\u7684\u4fe1\u8b7d\u9762\u81e8\u5a01\u8105\uff0c\u51f8\u986f\u978f\u56fa\u5236\u5ea6\u8207\u7dad\u6301\u7368\u7acb\u6027\u4ee5\u907f\u514d\u9577\u671f\u7d93\u6fdf\u5f8c\u679c\u7684\u91cd\u8981\u6027\u3002<\/p>\n","protected":false},"author":52,"featured_media":587487,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[426],"tags":[675,793,1122],"class_list":["post-621418","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-news-zh-hant","tag--zh-hant","tag-793","tag-1122"],"acf":[],"_links":{"self":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/621418","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/users\/52"}],"replies":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/comments?post=621418"}],"version-history":[{"count":1,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/621418\/revisions"}],"predecessor-version":[{"id":621432,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/621418\/revisions\/621432"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/media\/587487"}],"wp:attachment":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/media?parent=621418"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/categories?post=621418"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/tags?post=621418"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}