{"id":11070,"date":"2026-05-01T15:44:55","date_gmt":"2026-05-01T08:44:55","guid":{"rendered":"https:\/\/taichinhphowall.com\/index.php\/2026\/05\/01\/chinh-sach-lai-suat-cua-fed-va-buoc-di-chien-luoc-cua-jerome-powell\/"},"modified":"2026-05-01T15:44:55","modified_gmt":"2026-05-01T08:44:55","slug":"chinh-sach-lai-suat-cua-fed-va-buoc-di-chien-luoc-cua-jerome-powell","status":"publish","type":"post","link":"https:\/\/taichinhphowall.com\/index.php\/2026\/05\/01\/chinh-sach-lai-suat-cua-fed-va-buoc-di-chien-luoc-cua-jerome-powell\/","title":{"rendered":"Ch\u00ednh s\u00e1ch l\u00e3i su\u1ea5t c\u1ee7a FED v\u00e0 b\u01b0\u1edbc \u0111i chi\u1ebfn l\u01b0\u1ee3c c\u1ee7a Jerome Powell"},"content":{"rendered":"
\n

Trong b\u1ed1i c\u1ea3nh h\u1ec7 th\u1ed1ng t\u00e0i ch\u00ednh to\u00e0n c\u1ea7u \u0111ang \u0111\u1ee9ng tr\u01b0\u1edbc nh\u1eefng thay \u0111\u1ed5i mang t\u00ednh b\u01b0\u1edbc ngo\u1eb7t, th\u00f4ng tin v\u1ec1 vi\u1ec7c \u00f4ng Jerome Powell quy\u1ebft \u0111\u1ecbnh ti\u1ebfp t\u1ee5c \u0111\u1ea3m nhi\u1ec7m v\u1ecb tr\u00ed Th\u1ed1ng \u0111\u1ed1c t\u1ea1i C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang M\u1ef9 (FED) \u0111\u00e3 tr\u1edf th\u00e0nh m\u1ed9t t\u00edn hi\u1ec7u quan tr\u1ecdng \u0111\u1ed1i v\u1edbi th\u1ecb tr\u01b0\u1eddng l\u00e3i su\u1ea5t. Quy\u1ebft \u0111\u1ecbnh n\u00e0y kh\u00f4ng ch\u1ec9 mang t\u00ednh c\u00e1 nh\u00e2n m\u00e0 c\u00f2n ph\u1ea3n \u00e1nh m\u1ed9t n\u1ed7 l\u1ef1c nh\u1eb1m duy tr\u00ec t\u00ednh li\u00ean t\u1ee5c c\u1ee7a \u0111\u1ecbnh ch\u1ebf t\u00e0i ch\u00ednh quy\u1ec1n l\u1ef1c nh\u1ea5t th\u1ebf gi\u1edbi trong giai \u0111o\u1ea1n nh\u1ea1y c\u1ea3m. Vi\u1ec7c \u00f4ng Powell duy tr\u00ec s\u1ef1 hi\u1ec7n di\u1ec7n t\u1ea1i h\u1ed9i \u0111\u1ed3ng qu\u1ea3n tr\u1ecb cho \u0111\u1ebfn khi c\u00e1c cu\u1ed9c \u0111i\u1ec1u tra v\u1ec1 vi\u1ec7c c\u1ea3i t\u1ea1o tr\u1ee5 s\u1edf ho\u00e0n t\u1ea5t cho th\u1ea5y s\u1ef1 th\u1eadn tr\u1ecdng t\u1ed1i \u0111a c\u1ee7a \u00f4ng trong vi\u1ec7c b\u1ea3o v\u1ec7 uy t\u00edn c\u1ee7a FED tr\u01b0\u1edbc c\u00e1c \u00e1p l\u1ef1c ch\u00ednh tr\u1ecb ch\u01b0a t\u1eebng c\u00f3 ti\u1ec1n l\u1ec7.<\/p>\n

\n \"Ch\u00ednh
\u1ea2nh t\u1eeb ngu\u1ed3n: cnbc.com<\/em><\/figcaption><\/figure>\n

Khi c\u00e1c cu\u1ed9c th\u1ea3o lu\u1eadn v\u1ec1 \u0111i\u1ec1u h\u00e0nh ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 tr\u1edf n\u00ean c\u0103ng th\u1eb3ng h\u01a1n bao gi\u1edd h\u1ebft, quy\u1ebft \u0111\u1ecbnh c\u1ee7a \u00f4ng Powell \u0111\u00f3ng vai tr\u00f2 nh\u01b0 m\u1ed9t l\u00e1 ch\u1eafn tr\u01b0\u1edbc c\u00e1c bi\u1ebfn \u0111\u1ed9ng kh\u00f4ng \u0111\u00e1ng c\u00f3. Nh\u1eefng \u00e1p l\u1ef1c t\u1eeb ph\u00eda T\u1ed5ng th\u1ed1ng Donald Trump, theo c\u00e1ch g\u1ecdi c\u1ee7a ch\u00ednh \u00f4ng Powell l\u00e0 \u201cch\u01b0a t\u1eebng c\u00f3 trong l\u1ecbch s\u1eed 113 n\u0103m c\u1ee7a \u0111\u1ecbnh ch\u1ebf n\u00e0y\u201d, \u0111\u00e3 \u0111\u1eb7t ra c\u00e2u h\u1ecfi l\u1edbn v\u1ec1 t\u00ednh \u0111\u1ed9c l\u1eadp c\u1ee7a c\u00e1c quy\u1ebft \u0111\u1ecbnh l\u00e3i su\u1ea5t trong t\u01b0\u01a1ng lai. \u0110i\u1ec1u n\u00e0y t\u01b0\u01a1ng \u0111\u1ed3ng v\u1edbi nh\u1eefng ph\u00e2n t\u00edch tr\u01b0\u1edbc \u0111\u00e2y c\u1ee7a ch\u00fang t\u00f4i trong b\u00e0i Ch\u1ee7 t\u1ecbch Fed Powell: S\u1ebd \u2018ph\u1edbt l\u1edd\u2019 c\u00fa s\u1ed1c gi\u00e1 n\u0103ng l\u01b0\u1ee3ng, ch\u01b0a v\u1ed9i n\u00e2ng l\u00e3i su\u1ea5t<\/a>, n\u01a1i ch\u00fang t\u00f4i nh\u1ea5n m\u1ea1nh r\u1eb1ng s\u1ef1 ki\u00ean \u0111\u1ecbnh c\u1ee7a ng\u01b0\u1eddi \u0111\u1ee9ng \u0111\u1ea7u FED l\u00e0 y\u1ebfu t\u1ed1 then ch\u1ed1t gi\u00fap th\u1ecb tr\u01b0\u1eddng gi\u1eef v\u1eefng ni\u1ec1m tin tr\u01b0\u1edbc nh\u1eefng c\u00fa s\u1ed1c kinh t\u1ebf.<\/p>\n

S\u1ef1 chuy\u1ec3n giao quy\u1ec1n l\u1ef1c v\u00e0 t\u00ednh \u0111\u1ed9c l\u1eadp c\u1ee7a ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7<\/h2>\n

Vi\u1ec7c \u00f4ng Powell cam k\u1ebft \u1edf l\u1ea1i h\u1ed9i \u0111\u1ed3ng qu\u1ea3n tr\u1ecb sau khi k\u1ebft th\u00fac nhi\u1ec7m k\u1ef3 ch\u1ee7 t\u1ecbch v\u00e0o ng\u00e0y 15 th\u00e1ng 5 \u0111\u00e3 l\u00e0m thay \u0111\u1ed5i \u0111\u00e1ng k\u1ec3 b\u00e0n c\u1edd quy\u1ec1n l\u1ef1c t\u1ea1i Washington. \u0110\u1ed9ng th\u00e1i n\u00e0y t\u1ea1m th\u1eddi ch\u1eb7n \u0111\u1ee9ng kh\u1ea3 n\u0103ng h\u00ecnh th\u00e0nh m\u1ed9t \u0111a s\u1ed1 m\u1edbi ngay l\u1eadp t\u1ee9c tr\u00ean h\u1ed9i \u0111\u1ed3ng qu\u1ea3n tr\u1ecb g\u1ed3m b\u1ea3y th\u00e0nh vi\u00ean theo \u0111\u1ecbnh h\u01b0\u1edbng c\u1ee7a T\u1ed5ng th\u1ed1ng Trump. S\u1ef1 hi\u1ec7n di\u1ec7n c\u1ee7a \u00f4ng Powell nh\u01b0 m\u1ed9t y\u1ebfu t\u1ed1 \u0111\u1ed1i tr\u1ecdng, \u0111\u1ea3m b\u1ea3o r\u1eb1ng m\u1ecdi thay \u0111\u1ed5i trong c\u00e1ch ti\u1ebfp c\u1eadn l\u00e3i su\u1ea5t s\u1ebd di\u1ec5n ra m\u1ed9t c\u00e1ch c\u00f3 l\u1ed9 tr\u00ecnh v\u00e0 minh b\u1ea1ch, thay v\u00ec nh\u1eefng c\u00fa s\u1ed1c ch\u00ednh s\u00e1ch b\u1ea5t ng\u1edd. \u0110\u00e2y l\u00e0 m\u1ed9t di\u1ec5n bi\u1ebfn h\u1ebft s\u1ee9c quan tr\u1ecdng, \u0111\u1eb7c bi\u1ec7t trong b\u1ed1i c\u1ea3nh th\u1ecb tr\u01b0\u1eddng \u0111ang theo d\u00f5i s\u00e1t sao s\u1ef1 ki\u1ec7n \u00f4ng Kevin Warsh chu\u1ea9n b\u1ecb ti\u1ebfp qu\u1ea3n chi\u1ebfc gh\u1ebf Ch\u1ee7 t\u1ecbch FED.<\/p>\n

\u0110\u1ed9c gi\u1ea3 c\u00f3 th\u1ec3 t\u00ecm hi\u1ec3u th\u00eam v\u1ec1 nh\u1eefng tranh lu\u1eadn xung quanh vi\u1ec7c thay \u0111\u1ed5i nh\u00e2n s\u1ef1 c\u1ea5p cao t\u1ea1i c\u01a1 quan n\u00e0y th\u00f4ng qua b\u00e0i vi\u1ebft N\u1ed9i Chi\u1ebfn T\u1ea1i Fed: Elizabeth Warren Tuy\u00ean Chi\u1ebfn V\u1edbi Kevin Warsh, C\u00e1o Bu\u1ed9c L\u00e0 \u2018Con D\u1ea5u Cao Su\u2019 Cho Trump<\/a>. Nh\u1eefng lo ng\u1ea1i v\u1ec1 vi\u1ec7c FED tr\u1edf th\u00e0nh c\u00f4ng c\u1ee5 c\u1ee7a ch\u00ednh tr\u1ecb l\u00e0 l\u00fd do t\u1ea1i sao s\u1ef1 hi\u1ec7n di\u1ec7n ti\u1ebfp theo c\u1ee7a \u00f4ng Powell l\u1ea1i mang \u00fd ngh\u0129a tr\u1ea5n an th\u1ecb tr\u01b0\u1eddng l\u1edbn \u0111\u1ebfn v\u1eady. \u00d4ng kh\u00f4ng ch\u1ec9 \u0111\u00f3ng vai tr\u00f2 l\u00e0 m\u1ed9t ng\u01b0\u1eddi gi\u00e1m s\u00e1t qu\u00e1 tr\u00ecnh chuy\u1ec3n giao, m\u00e0 c\u00f2n l\u00e0 ng\u01b0\u1eddi b\u1ea3o ch\u1ee9ng cho t\u00ednh chuy\u00ean nghi\u1ec7p c\u1ee7a b\u1ed9 m\u00e1y \u0111i\u1ec1u h\u00e0nh l\u00e3i su\u1ea5t khi \u0111\u1ed1i m\u1eb7t v\u1edbi c\u00e1c c\u00e1o bu\u1ed9c ph\u00e1p l\u00fd xoay quanh vi\u1ec7c qu\u1ea3n l\u00fd ng\u00e2n s\u00e1ch tr\u1ee5 s\u1edf.<\/p>\n

H\u1ec7 l\u1ee5y c\u1ee7a nh\u1eefng t\u1ea5n c\u00f4ng ch\u00ednh tr\u1ecb \u0111\u1ed1i v\u1edbi th\u1ecb tr\u01b0\u1eddng l\u00e3i su\u1ea5t<\/h2>\n

Th\u1ef1c t\u1ebf cho th\u1ea5y, khi m\u1ed9t ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng ph\u1ea3i \u0111\u1ed1i m\u1eb7t v\u1edbi nh\u1eefng cu\u1ed9c t\u1ea5n c\u00f4ng c\u00e1 nh\u00e2n tr\u1ef1c di\u1ec7n t\u1eeb gi\u1edbi c\u1ea7m quy\u1ec1n, th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh s\u1ebd ph\u1ea3n \u1ee9ng v\u1edbi t\u00e2m l\u00fd ph\u00f2ng th\u1ee7. \u00d4ng Powell \u0111\u00e3 r\u1ea5t th\u1eb3ng th\u1eafn khi chia s\u1ebb v\u1ec1 lo ng\u1ea1i r\u1eb1ng nh\u1eefng cu\u1ed9c t\u1ea5n c\u00f4ng n\u00e0y c\u00f3 th\u1ec3 l\u00e0m suy y\u1ebfu kh\u1ea3 n\u0103ng th\u1ef1c thi ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 d\u1ef1a tr\u00ean c\u00e1c d\u1eef li\u1ec7u kinh t\u1ebf kh\u00e1ch quan thay v\u00ec y\u1ebfu t\u1ed1 ch\u00ednh tr\u1ecb. \u0110\u1ed1i v\u1edbi m\u1ed9t nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111ang theo d\u00f5i ch\u1eb7t ch\u1ebd xu h\u01b0\u1edbng l\u00e3i su\u1ea5t, s\u1ef1 b\u1ea5t \u1ed5n v\u1ec1 m\u1eb7t th\u1ec3 ch\u1ebf th\u01b0\u1eddng d\u1eabn \u0111\u1ebfn bi\u1ebfn \u0111\u1ed9ng kh\u00f3 l\u01b0\u1eddng tr\u00ean \u0111\u01b0\u1eddng cong l\u1ee3i su\u1ea5t tr\u00e1i phi\u1ebfu. Khi t\u00ednh \u0111\u1ed9c l\u1eadp b\u1ecb \u0111\u1eb7t d\u1ea5u h\u1ecfi, c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 t\u1ed5 ch\u1ee9c th\u01b0\u1eddng c\u00f3 xu h\u01b0\u1edbng y\u00eau c\u1ea7u m\u1ee9c b\u00f9 r\u1ee7i ro cao h\u01a1n, g\u00e2y \u00e1p l\u1ef1c l\u00ean chi ph\u00ed vay v\u1ed1n tr\u00ean to\u00e0n h\u1ec7 th\u1ed1ng.<\/p>\n

Nh\u00ecn s\u00e2u v\u00e0o b\u1ea3n ch\u1ea5t v\u1ea5n \u0111\u1ec1, c\u00e1c s\u1ef1 ki\u1ec7n trong ba th\u00e1ng g\u1ea7n \u0111\u00e2y \u0111\u00e3 t\u1ea1o ra \u00e1p l\u1ef1c t\u00e2m l\u00fd khi\u1ebfn \u00f4ng Powell kh\u00f4ng c\u00f2n l\u1ef1a ch\u1ecdn n\u00e0o kh\u00e1c ngo\u00e0i vi\u1ec7c \u1edf l\u1ea1i \u0111\u1ec3 ho\u00e0n t\u1ea5t c\u00e1c ti\u1ebfn tr\u00ecnh minh b\u1ea1ch h\u00f3a. \u0110\u1ed1i v\u1edbi th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n, \u0111\u00e2y l\u00e0 m\u1ed9t \u0111i\u1ec3m c\u1ed9ng v\u00ec s\u1ef1 an t\u00e2m lu\u00f4n l\u00e0 \u01b0u ti\u00ean h\u00e0ng \u0111\u1ea7u. M\u1ed9t FED ho\u1ea1t \u0111\u1ed9ng \u1ed5n \u0111\u1ecbnh, kh\u00f4ng b\u1ecb xao nh\u00e3ng b\u1edfi c\u00e1c cu\u1ed9c \u0111i\u1ec1u tra ph\u00e1p l\u00fd hay \u00e1p l\u1ef1c ch\u00ednh tr\u1ecb, s\u1ebd l\u00e0 n\u1ec1n t\u1ea3ng \u0111\u1ec3 c\u00e1c nh\u00e0 ho\u1ea1ch \u0111\u1ecbnh ch\u00ednh s\u00e1ch \u0111\u01b0a ra c\u00e1c quy\u1ebft \u0111\u1ecbnh l\u00e3i su\u1ea5t ph\u00f9 h\u1ee3p v\u1edbi th\u1ef1c tr\u1ea1ng l\u1ea1m ph\u00e1t v\u00e0 t\u0103ng tr\u01b0\u1edfng GDP.<\/p>\n

D\u1ef1 b\u00e1o xu h\u01b0\u1edbng \u0111i\u1ec1u h\u00e0nh trong k\u1ecbch b\u1ea3n m\u1edbi<\/h2>\n

Trong giai \u0111o\u1ea1n 3 \u0111\u1ebfn 6 th\u00e1ng t\u1edbi, th\u1ecb tr\u01b0\u1eddng c\u00f3 th\u1ec3 k\u1ef3 v\u1ecdng v\u00e0o m\u1ed9t s\u1ef1 ti\u1ebfp n\u1ed1i c\u00e1c nguy\u00ean t\u1eafc \u0111i\u1ec1u h\u00e0nh truy\u1ec1n th\u1ed1ng d\u01b0\u1edbi th\u1eddi \u00f4ng Powell, ngay c\u1ea3 khi \u00f4ng ch\u1ec9 c\u00f2n l\u00e0 m\u1ed9t th\u00e0nh vi\u00ean h\u1ed9i \u0111\u1ed3ng. Sau khi \u00f4ng Kevin Warsh \u0111\u01b0\u1ee3c ch\u00ednh th\u1ee9c ph\u00ea chu\u1ea9n, ch\u00fang ta s\u1ebd th\u1ea5y m\u1ed9t giai \u0111o\u1ea1n chuy\u1ec3n giao mang t\u00ednh ph\u00e2n t\u1ea7ng, n\u01a1i s\u1ef1 ki\u00ean \u0111\u1ecbnh c\u1ee7a th\u1ebf h\u1ec7 l\u00e3nh \u0111\u1ea1o c\u0169 g\u1eb7p g\u1ee1 v\u1edbi t\u01b0 duy m\u1edbi c\u1ee7a ng\u01b0\u1eddi k\u1ebf nhi\u1ec7m. Th\u1ecb tr\u01b0\u1eddng c\u1ea7n ch\u00fa \u00fd \u0111\u1eb7c bi\u1ec7t \u0111\u1ebfn c\u00e1c tuy\u00ean b\u1ed1 ch\u00ednh s\u00e1ch trong nh\u1eefng cu\u1ed9c h\u1ecdp s\u1eafp t\u1edbi, v\u00ec \u0111\u00e2y l\u00e0 l\u00fac b\u1ee9c tranh v\u1ec1 l\u1ed9 tr\u00ecnh l\u00e3i su\u1ea5t s\u1ebd tr\u1edf n\u00ean r\u00f5 r\u00e0ng h\u01a1n sau khi c\u00e1c n\u00fat th\u1eaft ph\u00e1p l\u00fd v\u1ec1 v\u1ee5 vi\u1ec7c tr\u1ee5 s\u1edf \u0111\u01b0\u1ee3c g\u1ee1 b\u1ecf.<\/p>\n

M\u1ed9t khi cu\u1ed9c \u0111i\u1ec1u tra c\u1ee7a B\u1ed9 T\u01b0 ph\u00e1p \u0111i \u0111\u1ebfn h\u1ed3i k\u1ebft, nh\u1eefng r\u1ee7i ro v\u1ec1 m\u1eb7t “nhi\u1ec5u th\u00f4ng tin” s\u1ebd gi\u1ea3m \u0111i \u0111\u00e1ng k\u1ec3. \u0110i\u1ec1u n\u00e0y s\u1ebd gi\u00fap d\u00f2ng v\u1ed1n quay tr\u1edf l\u1ea1i t\u1eadp trung v\u00e0o c\u00e1c d\u1eef li\u1ec7u kinh t\u1ebf v\u0129 m\u00f4 c\u1ed1t l\u00f5i nh\u01b0 ch\u1ec9 s\u1ed1 gi\u00e1 ti\u00eau d\u00f9ng CPI, s\u1ed1 li\u1ec7u vi\u1ec7c l\u00e0m v\u00e0 s\u1ee9c kh\u1ecfe c\u1ee7a ng\u00e0nh s\u1ea3n xu\u1ea5t. Khi c\u00e1c y\u1ebfu t\u1ed1 ngo\u1ea1i c\u1ea3nh \u0111\u01b0\u1ee3c lo\u1ea1i b\u1ecf, FED s\u1ebd c\u00f3 d\u01b0 \u0111\u1ecba l\u1edbn h\u01a1n \u0111\u1ec3 th\u1ef1c thi vai tr\u00f2 d\u1eabn d\u1eaft th\u1ecb tr\u01b0\u1eddng thay v\u00ec ph\u1ea3i “\u0111\u1ed1i ph\u00f3” v\u1edbi c\u00e1c v\u1ea5n \u0111\u1ec1 h\u00e0nh ch\u00ednh. \u0110\u1ed1i v\u1edbi c\u00e1c doanh nghi\u1ec7p, \u0111\u00e2y l\u00e0 t\u00edn hi\u1ec7u cho th\u1ea5y m\u00f4i tr\u01b0\u1eddng l\u00e3i su\u1ea5t s\u1ebd b\u1edbt \u0111i nh\u1eefng y\u1ebfu t\u1ed1 b\u1ea5t ng\u1edd g\u00e2y kh\u00f3 kh\u0103n cho vi\u1ec7c ho\u1ea1ch \u0111\u1ecbnh chi\u1ebfn l\u01b0\u1ee3c kinh doanh v\u00e0 huy \u0111\u1ed9ng v\u1ed1n.<\/p>\n

L\u1eddi khuy\u00ean chi\u1ebfn l\u01b0\u1ee3c cho nh\u00e0 \u0111\u1ea7u t\u01b0 t\u1ea1i taichinhphowall.com<\/h2>\n

Trong m\u1ed9t th\u1ebf gi\u1edbi t\u00e0i ch\u00ednh \u0111\u1ea7y r\u1eaby bi\u1ebfn \u0111\u1ed9ng, \u0111\u1eb7c bi\u1ec7t l\u00e0 khi ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 tr\u1edf th\u00e0nh t\u00e2m \u0111i\u1ec3m c\u1ee7a s\u1ef1 ch\u00fa \u00fd ch\u00ednh tr\u1ecb, nh\u00e0 \u0111\u1ea7u t\u01b0 c\u1ea7n duy tr\u00ec m\u1ed9t chi\u1ebfn l\u01b0\u1ee3c ph\u00e2n b\u1ed5 t\u00e0i s\u1ea3n linh ho\u1ea1t. \u0110\u1eebng qu\u00e1 sa \u0111\u00e0 v\u00e0o c\u00e1c d\u1ef1 b\u00e1o l\u00e3i su\u1ea5t ng\u1eafn h\u1ea1n d\u1ef1a tr\u00ean tin t\u1ee9c ch\u00ednh tr\u1ecb, thay v\u00e0o \u0111\u00f3, h\u00e3y ch\u00fa tr\u1ecdng v\u00e0o gi\u00e1 tr\u1ecb c\u1ed1t l\u00f5i c\u1ee7a doanh nghi\u1ec7p v\u00e0 s\u1ef1 b\u1ec1n v\u1eefng c\u1ee7a d\u00f2ng ti\u1ec1n. Khi c\u00e1c \u0111\u1ecbnh ch\u1ebf t\u00e0i ch\u00ednh l\u1edbn nh\u01b0 FED v\u1eabn \u0111ang trong qu\u00e1 tr\u00ecnh chuy\u1ec3n giao l\u00e3nh \u0111\u1ea1o, s\u1ef1 th\u1eadn tr\u1ecdng l\u00e0 ch\u00eca kh\u00f3a. Vi\u1ec7c gi\u1eef m\u1ed9t t\u1ef7 tr\u1ecdng ti\u1ec1n m\u1eb7t h\u1ee3p l\u00fd ho\u1eb7c \u0111\u1ea7u t\u01b0 v\u00e0o c\u00e1c t\u00e0i s\u1ea3n c\u00f3 t\u00ednh ph\u00f2ng th\u1ee7 cao s\u1ebd l\u00e0 b\u01b0\u1edbc \u0111i kh\u00f4n ngoan \u0111\u1ec3 b\u1ea3o v\u1ec7 danh m\u1ee5c \u0111\u1ea7u t\u01b0 tr\u01b0\u1edbc nh\u1eefng “c\u00fa s\u1ed1c” ch\u00ednh s\u00e1ch c\u00f3 th\u1ec3 x\u1ea3y ra.<\/p>\n

Cu\u1ed1i c\u00f9ng, s\u1ef1 ki\u1ec7n n\u00e0y nh\u1eafc nh\u1edf ch\u00fang ta r\u1eb1ng, \u0111\u1eb1ng sau nh\u1eefng con s\u1ed1 l\u00e3i su\u1ea5t kh\u00f4 khan l\u00e0 nh\u1eefng con ng\u01b0\u1eddi \u0111ang n\u1ed7 l\u1ef1c gi\u1eef v\u1eefng s\u1ef1 \u1ed5n \u0111\u1ecbnh c\u1ee7a \u0111\u1ecbnh ch\u1ebf t\u00e0i ch\u00ednh to\u00e0n c\u1ea7u. Nh\u00e0 \u0111\u1ea7u t\u01b0 n\u00ean theo s\u00e1t c\u00e1c di\u1ec5n bi\u1ebfn t\u1ea1i FED nh\u01b0ng ph\u1ea3i gi\u1eef c\u00e1i \u0111\u1ea7u l\u1ea1nh, tr\u00e1nh ph\u1ea3n \u1ee9ng th\u00e1i qu\u00e1 tr\u01b0\u1edbc nh\u1eefng th\u00f4ng tin b\u1ec1 n\u1ed5i. H\u00e3y nh\u1edb r\u1eb1ng, d\u00f9 ai l\u00e0 ng\u01b0\u1eddi c\u1ea7m l\u00e1i t\u1ea1i FED, m\u1ee5c ti\u00eau t\u1ed1i th\u01b0\u1ee3ng v\u1eabn l\u00e0 \u1ed5n \u0111\u1ecbnh gi\u00e1 c\u1ea3 v\u00e0 th\u00fac \u0111\u1ea9y vi\u1ec7c l\u00e0m, \u0111\u00f3 ch\u00ednh l\u00e0 “b\u1eafc \u0111\u1ea9u” \u0111\u1ecbnh h\u01b0\u1edbng cho m\u1ecdi h\u00e0nh vi \u0111\u1ea7u t\u01b0 th\u00f4ng minh trong d\u00e0i h\u1ea1n.<\/p>\n

B\u00e0i vi\u1ebft \u0111\u00e3 \u0111\u01b0\u1ee3c bi\u00ean t\u1eadp l\u1ea1i t\u1eeb ngu\u1ed3n: cnbc.com<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Trong b\u1ed1i c\u1ea3nh h\u1ec7 th\u1ed1ng t\u00e0i ch\u00ednh to\u00e0n c\u1ea7u \u0111ang \u0111\u1ee9ng tr\u01b0\u1edbc nh\u1eefng thay \u0111\u1ed5i mang t\u00ednh b\u01b0\u1edbc ngo\u1eb7t, th\u00f4ng tin v\u1ec1 vi\u1ec7c \u00f4ng Jerome Powell quy\u1ebft \u0111\u1ecbnh ti\u1ebfp t\u1ee5c \u0111\u1ea3m nhi\u1ec7m v\u1ecb tr\u00ed Th\u1ed1ng \u0111\u1ed1c t\u1ea1i C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang M\u1ef9 (FED) \u0111\u00e3 tr\u1edf th\u00e0nh m\u1ed9t t\u00edn hi\u1ec7u quan tr\u1ecdng \u0111\u1ed1i v\u1edbi th\u1ecb […]<\/p>\n","protected":false},"author":1,"featured_media":11069,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[41],"tags":[],"class_list":["post-11070","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tin-tuc-fed"],"_links":{"self":[{"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/posts\/11070","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/comments?post=11070"}],"version-history":[{"count":0,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/posts\/11070\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/media\/11069"}],"wp:attachment":[{"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/media?parent=11070"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/categories?post=11070"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/tags?post=11070"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}