{"id":14963,"date":"2026-05-15T13:39:32","date_gmt":"2026-05-15T06:39:32","guid":{"rendered":"https:\/\/taichinhphowall.com\/index.php\/2026\/05\/15\/kevin-warsh-va-tuong-lai-cua-chinh-sach-lai-suat-tai-fed\/"},"modified":"2026-05-15T13:39:32","modified_gmt":"2026-05-15T06:39:32","slug":"kevin-warsh-va-tuong-lai-cua-chinh-sach-lai-suat-tai-fed","status":"publish","type":"post","link":"https:\/\/taichinhphowall.com\/index.php\/2026\/05\/15\/kevin-warsh-va-tuong-lai-cua-chinh-sach-lai-suat-tai-fed\/","title":{"rendered":"Kevin Warsh v\u00e0 t\u01b0\u01a1ng lai c\u1ee7a ch\u00ednh s\u00e1ch l\u00e3i su\u1ea5t t\u1ea1i FED"},"content":{"rendered":"
\n

Vi\u1ec7c Th\u01b0\u1ee3ng vi\u1ec7n Hoa K\u1ef3 ch\u00ednh th\u1ee9c x\u00e1c nh\u1eadn b\u1ed5 nhi\u1ec7m Kevin Warsh v\u00e0o v\u1ecb tr\u00ed ng\u01b0\u1eddi \u0111\u1ee9ng \u0111\u1ea7u C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang (FED) \u0111ang tr\u1edf th\u00e0nh t\u00e2m \u0111i\u1ec3m c\u1ee7a gi\u1edbi t\u00e0i ch\u00ednh to\u00e0n c\u1ea7u. Trong b\u1ed1i c\u1ea3nh n\u1ec1n kinh t\u1ebf M\u1ef9 \u0111\u1ed1i m\u1eb7t v\u1edbi nh\u1eefng th\u00e1ch th\u1ee9c t\u1eeb xung \u0111\u1ed9t \u0111\u1ecba ch\u00ednh tr\u1ecb v\u00e0 \u00e1p l\u1ef1c l\u1ea1m ph\u00e1t dai d\u1eb3ng, quy\u1ebft \u0111\u1ecbnh l\u1ef1a ch\u1ecdn nh\u00e2n s\u1ef1 n\u00e0y c\u1ee7a T\u1ed5ng th\u1ed1ng Donald Trump kh\u00f4ng ch\u1ec9 \u0111\u01a1n thu\u1ea7n l\u00e0 m\u1ed9t s\u1ef1 thay th\u1ebf v\u1ecb tr\u00ed, m\u00e0 c\u00f2n ph\u1ea3n \u00e1nh s\u1ef1 k\u1ef3 v\u1ecdng v\u1ec1 m\u1ed9t k\u1ef7 nguy\u00ean \u0111i\u1ec1u h\u00e0nh ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 ho\u00e0n to\u00e0n m\u1edbi, n\u01a1i c\u00e1c quan \u0111i\u1ec3m v\u1ec1 l\u00e3i su\u1ea5t s\u1ebd ph\u1ea3i \u0111\u1ee9ng tr\u01b0\u1edbc nh\u1eefng b\u00e0i to\u00e1n th\u1ef1c t\u1ebf \u0111\u1ea7y kh\u1eaft khe.<\/p>\n

\n \"Kevin
\u1ea2nh t\u1eeb ngu\u1ed3n: abcnews.com<\/em><\/figcaption><\/figure>\n

Kevin Warsh v\u00e0 nh\u1eefng th\u00e1ch th\u1ee9c v\u1ec1 l\u00e3i su\u1ea5t<\/h2>\n

Kevin Warsh kh\u00f4ng ph\u1ea3i l\u00e0 c\u00e1i t\u00ean xa l\u1ea1 trong h\u1ec7 th\u1ed1ng t\u00e0i ch\u00ednh M\u1ef9. \u1ede tu\u1ed5i 35, \u00f4ng t\u1eebng l\u00e0 th\u1ed1ng \u0111\u1ed1c tr\u1ebb nh\u1ea5t t\u1ea1i h\u1ed9i \u0111\u1ed3ng FED v\u00e0 \u0111\u00e3 \u0111\u1ec3 l\u1ea1i d\u1ea5u \u1ea5n trong vi\u1ec7c \u0111\u1ed1i ph\u00f3 v\u1edbi cu\u1ed9c kh\u1ee7ng ho\u1ea3ng t\u00e0i ch\u00ednh 2008 c\u00f9ng c\u1ef1u ch\u1ee7 t\u1ecbch Ben Bernanke. Tuy nhi\u00ean, s\u1ef1 tr\u1edf l\u1ea1i l\u1ea7n n\u00e0y c\u1ee7a \u00f4ng di\u1ec5n ra trong m\u1ed9t b\u1ed1i c\u1ea3nh kh\u00e1c bi\u1ec7t ho\u00e0n to\u00e0n. Kh\u00e1c v\u1edbi giai \u0111o\u1ea1n tr\u01b0\u1edbc, nhi\u1ec7m k\u1ef3 c\u1ee7a \u00f4ng g\u1eafn li\u1ec1n v\u1edbi y\u00eau c\u1ea7u t\u1eeb Nh\u00e0 Tr\u1eafng v\u1ec1 vi\u1ec7c c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t \u0111\u1ec3 k\u00edch th\u00edch t\u0103ng tr\u01b0\u1edfng, b\u1ea5t ch\u1ea5p nh\u1eefng ho\u00e0i nghi t\u1eeb th\u1ecb tr\u01b0\u1eddng v\u1ec1 nguy c\u01a1 l\u1ea1m ph\u00e1t quay tr\u1edf l\u1ea1i. Vi\u1ec7c \u0111i\u1ec1u h\u00e0nh m\u1ed9t con t\u00e0u FED \u0111ang b\u1ecb chia r\u1ebd, gi\u1eefa m\u1ed9t b\u00ean l\u00e0 \u00e1p l\u1ef1c h\u1ea1 l\u00e3i su\u1ea5t t\u1eeb ch\u00ednh quy\u1ec1n v\u00e0 m\u1ed9t b\u00ean l\u00e0 tr\u00e1ch nhi\u1ec7m ki\u1ec3m so\u00e1t l\u1ea1m ph\u00e1t, s\u1ebd l\u00e0 b\u00e0i ki\u1ec3m tra b\u1ea3n l\u0129nh th\u1ef1c th\u1ee5 \u0111\u1ed1i v\u1edbi c\u00e1 nh\u00e2n \u00f4ng.<\/p>\n

S\u1ef1 chuy\u1ec3n d\u1ecbch trong t\u01b0 duy qu\u1ea3n tr\u1ecb ti\u1ec1n t\u1ec7 c\u1ee7a Kevin Warsh<\/h2>\n

\u0110\u00e1ng ch\u00fa \u00fd, d\u00f9 t\u1eebng \u0111\u01b0\u1ee3c bi\u1ebft \u0111\u1ebfn nh\u01b0 m\u1ed9t ng\u01b0\u1eddi theo tr\u01b0\u1eddng ph\u00e1i “di\u1ec1u h\u00e2u” v\u1ec1 l\u1ea1m ph\u00e1t, Kevin Warsh g\u1ea7n \u0111\u00e2y \u0111\u00e3 c\u00f3 nh\u1eefng \u0111i\u1ec1u ch\u1ec9nh trong quan \u0111i\u1ec3m. \u00d4ng tin r\u1eb1ng s\u1ef1 b\u00f9ng n\u1ed5 c\u1ee7a tr\u00ed tu\u1ec7 nh\u00e2n t\u1ea1o v\u00e0 c\u00e1c \u0111\u1ed5i m\u1edbi c\u00f4ng ngh\u1ec7 c\u00f3 th\u1ec3 l\u00e0 \u0111\u1ed9ng l\u1ef1c th\u00fac \u0111\u1ea9y n\u0103ng su\u1ea5t, t\u1eeb \u0111\u00f3 h\u1ed7 tr\u1ee3 t\u0103ng tr\u01b0\u1edfng kinh t\u1ebf m\u00e0 kh\u00f4ng nh\u1ea5t thi\u1ebft ph\u1ea3i d\u1ef1a v\u00e0o nh\u1eefng ch\u00ednh s\u00e1ch th\u1eaft ch\u1eb7t ti\u1ec1n t\u1ec7 c\u1ef1c \u0111oan. \u0110i\u1ec1u n\u00e0y \u0111\u1eb7t \u00f4ng v\u00e0o v\u1ecb th\u1ebf trung t\u00e2m trong cu\u1ed9c tranh lu\u1eadn v\u1ec1 t\u00ednh \u0111\u1ed9c l\u1eadp c\u1ee7a ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng. S\u1ef1 hi\u1ec7n di\u1ec7n k\u00e9o d\u00e0i c\u1ee7a Jerome Powell trong h\u1ed9i \u0111\u1ed3ng qu\u1ea3n tr\u1ecb, d\u00f9 kh\u00f4ng c\u00f2n gi\u1eef ch\u1ee9c ch\u1ee7 t\u1ecbch, c\u0169ng t\u1ea1o ra m\u1ed9t th\u1ebf c\u1ee5c nh\u1ea1y c\u1ea3m. \u0110\u00e2y l\u00e0 th\u1eddi \u0111i\u1ec3m m\u00e0 c\u00e1c bi\u1ebfn s\u1ed1 v\u0129 m\u00f4 \u1ea3nh h\u01b0\u1edfng m\u1ea1nh m\u1ebd \u0111\u1ebfn th\u1ecb tr\u01b0\u1eddng, t\u01b0\u01a1ng t\u1ef1 nh\u01b0 c\u00e1ch m\u00e0 c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 c\u1ea7n th\u1eadn tr\u1ecdng theo d\u00f5i c\u00e1c ch\u1ec9 s\u1ed1 tr\u01b0\u1edbc m\u1ed7i phi\u00ean giao d\u1ecbch, \u0111\u1eb7c bi\u1ec7t khi nh\u1eefng thay \u0111\u1ed5i t\u1eeb FED lu\u00f4n l\u00e0 “bi\u1ebfn s\u1ed1 c\u1ee7a m\u1ecdi bi\u1ebfn s\u1ed1” trong vi\u1ec7c \u0111\u1ecdc g\u00ec tr\u01b0\u1edbc gi\u1edd giao d\u1ecbch ch\u1ee9ng kho\u00e1n ng\u00e0y 15\/05<\/a>.<\/p>\n

Di s\u1ea3n v\u00e0 nh\u1eefng k\u1ef3 v\u1ecdng ch\u01b0a l\u1eddi \u0111\u00e1p<\/h2>\n

Vi\u1ec7c b\u1ed5 nhi\u1ec7m Kevin Warsh nh\u1eadn \u0111\u01b0\u1ee3c nhi\u1ec1u lu\u1ed3ng \u00fd ki\u1ebfn tr\u00e1i chi\u1ec1u, \u0111\u1eb7c bi\u1ec7t l\u00e0 sau khi \u00f4ng c\u00f4ng khai ch\u1ec9 tr\u00edch c\u00e1c ch\u00ednh s\u00e1ch c\u1ee7a FED d\u01b0\u1edbi th\u1eddi ti\u1ec1n nhi\u1ec7m l\u00e0 “\u0111\u00e3 b\u1ecb ph\u00e1 v\u1ee1 t\u1eeb l\u00e2u”. D\u00f9 s\u1edf h\u1eefu l\u00fd l\u1ecbch t\u1eeb nh\u1eefng \u0111\u1ecbnh ch\u1ebf danh ti\u1ebfng nh\u01b0 Stanford hay Harvard v\u00e0 kinh nghi\u1ec7m d\u00e0y d\u1eb7n t\u1eeb Ph\u1ed1 Wall, \u00f4ng v\u1eabn \u0111\u1ed1i m\u1eb7t v\u1edbi nh\u1eefng ch\u1ea5t v\u1ea5n v\u1ec1 t\u00ednh minh b\u1ea1ch trong t\u00e0i s\u1ea3n c\u00e1 nh\u00e2n. \u0110\u1ed1i v\u1edbi nh\u1eefng nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111ang n\u1eafm gi\u1eef c\u00e1c t\u00e0i s\u1ea3n tr\u00fa \u1ea9n trong giai \u0111o\u1ea1n bi\u1ebfn \u0111\u1ed9ng, nh\u01b0 v\u00e0ng hay c\u00e1c kho\u1ea3n \u0111\u1ea7u t\u01b0 d\u00e0i h\u1ea1n, vi\u1ec7c theo d\u00f5i \u0111\u1ed9ng th\u00e1i c\u1ee7a v\u1ecb t\u00e2n ch\u1ee7 t\u1ecbch FED l\u00e0 \u0111i\u1ec1u t\u1ea5t y\u1ebfu. Tuy nhi\u00ean, c\u0169ng nh\u01b0 l\u1eddi khuy\u00ean \u0111\u1ea7u t\u01b0 v\u00e0ng cho ng\u01b0\u1eddi \u0111u \u0111\u1ec9nh trong b\u1ed1i c\u1ea3nh th\u1ecb tr\u01b0\u1eddng bi\u1ebfn \u0111\u1ed9ng<\/a>, s\u1ef1 ki\u00ean nh\u1eabn v\u00e0 t\u1ea7m nh\u00ecn d\u00e0i h\u1ea1n lu\u00f4n l\u00e0 ch\u00eca kh\u00f3a tr\u01b0\u1edbc nh\u1eefng bi\u1ebfn chuy\u1ec3n kh\u00f3 l\u01b0\u1eddng c\u1ee7a ch\u00ednh s\u00e1ch kinh t\u1ebf. Khi nh\u00ecn r\u1ed9ng ra b\u1ee9c tranh to\u00e0n c\u1ea7u, n\u01a1i c\u00e1c xu h\u01b0\u1edbng d\u00e2n c\u01b0 v\u00e0 kinh t\u1ebf thay \u0111\u1ed5i li\u00ean t\u1ee5c, t\u1eeb c\u00e1c \u0111\u00f4 th\u1ecb \u0111ang t\u0103ng tr\u01b0\u1edfng n\u00f3ng nh\u01b0 Texas \u0111\u1ebfn c\u00e1c trung t\u00e2m quy\u1ec1n l\u1ef1c, vi\u1ec7c Kevin Warsh ch\u00e8o l\u00e1i FED s\u1ebd \u0111\u1ecbnh h\u00ecnh l\u1ea1i d\u00f2ng ch\u1ea3y c\u1ee7a ch\u00ednh s\u00e1ch l\u00e3i su\u1ea5t to\u00e0n c\u1ea7u trong nh\u1eefng n\u0103m t\u1edbi.<\/p>\n

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

Vi\u1ec7c Th\u01b0\u1ee3ng vi\u1ec7n Hoa K\u1ef3 ch\u00ednh th\u1ee9c x\u00e1c nh\u1eadn b\u1ed5 nhi\u1ec7m Kevin Warsh v\u00e0o v\u1ecb tr\u00ed ng\u01b0\u1eddi \u0111\u1ee9ng \u0111\u1ea7u C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang (FED) \u0111ang tr\u1edf th\u00e0nh t\u00e2m \u0111i\u1ec3m c\u1ee7a gi\u1edbi t\u00e0i ch\u00ednh to\u00e0n c\u1ea7u. Trong b\u1ed1i c\u1ea3nh n\u1ec1n kinh t\u1ebf M\u1ef9 \u0111\u1ed1i m\u1eb7t v\u1edbi nh\u1eefng th\u00e1ch th\u1ee9c t\u1eeb xung \u0111\u1ed9t \u0111\u1ecba ch\u00ednh tr\u1ecb […]<\/p>\n","protected":false},"author":1,"featured_media":14962,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[41],"tags":[],"class_list":["post-14963","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\/14963","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=14963"}],"version-history":[{"count":0,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/posts\/14963\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/media\/14962"}],"wp:attachment":[{"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/media?parent=14963"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/categories?post=14963"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/tags?post=14963"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}