{"id":2719,"date":"2026-04-06T23:56:24","date_gmt":"2026-04-06T16:56:24","guid":{"rendered":"https:\/\/taichinhphowall.com\/index.php\/2026\/04\/06\/fed-powell-lam-phat-duoc-neo-giu-thi-truong-chung-phan-ung-tich-cuc-kha-nang-tang-lai-suat-giam-manh\/"},"modified":"2026-04-06T23:56:24","modified_gmt":"2026-04-06T16:56:24","slug":"fed-powell-lam-phat-duoc-neo-giu-thi-truong-chung-phan-ung-tich-cuc-kha-nang-tang-lai-suat-giam-manh","status":"publish","type":"post","link":"https:\/\/taichinhphowall.com\/index.php\/2026\/04\/06\/fed-powell-lam-phat-duoc-neo-giu-thi-truong-chung-phan-ung-tich-cuc-kha-nang-tang-lai-suat-giam-manh\/","title":{"rendered":"Fed Powell: L\u1ea1m ph\u00e1t \u0111\u01b0\u1ee3c neo gi\u1eef, Th\u1ecb tr\u01b0\u1eddng chung ph\u1ea3n \u1ee9ng t\u00edch c\u1ef1c, kh\u1ea3 n\u0103ng t\u0103ng l\u00e3i su\u1ea5t gi\u1ea3m m\u1ea1nh"},"content":{"rendered":"<div>\n<p>Trong m\u1ed9t cu\u1ed9c tr\u00f2 chuy\u1ec7n s\u00e2u r\u1ed9ng t\u1ea1i \u0110\u1ea1i h\u1ecdc Harvard \u1edf Cambridge, Massachusetts, Ch\u1ee7 t\u1ecbch C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang M\u1ef9 (Fed), Jerome Powell, \u0111\u00e3 g\u1eedi \u0111i m\u1ed9t th\u00f4ng \u0111i\u1ec7p tr\u1ea5n an th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh to\u00e0n c\u1ea7u. \u00d4ng cho r\u1eb1ng k\u1ef3 v\u1ecdng l\u1ea1m ph\u00e1t v\u1eabn &#8220;\u0111\u01b0\u1ee3c neo gi\u1eef&#8221; b\u1ea5t ch\u1ea5p gi\u00e1 n\u0103ng l\u01b0\u1ee3ng t\u0103ng cao, t\u1eeb \u0111\u00f3 kh\u1eb3ng \u0111\u1ecbnh Fed ch\u01b0a c\u1ea7n thi\u1ebft ph\u1ea3i ph\u1ea3n \u1ee9ng b\u1eb1ng vi\u1ec7c n\u00e2ng l\u00e3i su\u1ea5t. Ph\u00e1t bi\u1ec3u n\u00e0y \u0111\u00e3 ngay l\u1eadp t\u1ee9c t\u1ea1o ra t\u00e1c \u0111\u1ed9ng r\u00f5 r\u1ec7t, khi\u1ebfn c\u00e1c nh\u00e0 giao d\u1ecbch tr\u00ean Ph\u1ed1 Wall \u0111i\u1ec1u ch\u1ec9nh \u0111\u00e1ng k\u1ec3 d\u1ef1 b\u00e1o c\u1ee7a m\u00ecnh v\u1ec1 ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 trong th\u1eddi gian t\u1edbi.<\/p>\n<p>    <img decoding=\"async\" src=\"https:\/\/taichinhphowall.com\/wp-content\/uploads\/2026\/04\/image-aHR0cHM6Ly93d3cuY25iYy5j-28.jpg\" alt=\"tin t\u00e0i ch\u00ednh\" style=\"width:100%; border-radius:8px;\" \/><\/p>\n<p>V\u1ecb th\u1ebf c\u1ee7a \u00f4ng Jerome Powell, Ch\u1ee7 t\u1ecbch Fed, l\u00e0 nh\u00e2n v\u1eadt trung t\u00e2m trong vi\u1ec7c \u0111\u1ecbnh h\u00ecnh c\u00e1c quy\u1ebft s\u00e1ch ti\u1ec1n t\u1ec7 c\u1ee7a n\u1ec1n kinh t\u1ebf s\u1ed1 m\u1ed9t th\u1ebf gi\u1edbi. Theo Powell, tr\u1ecdng t\u00e2m c\u1ee7a Fed v\u1eabn l\u00e0 duy tr\u00ec \u1ed5n \u0111\u1ecbnh gi\u00e1 c\u1ea3 v\u00e0 t\u1ef7 l\u1ec7 th\u1ea5t nghi\u1ec7p th\u1ea5p, \u0111\u1ed3ng th\u1eddi c\u1ea7n nh\u00ecn xa h\u01a1n nh\u1eefng bi\u1ebfn \u0111\u1ed9ng ng\u1eafn h\u1ea1n c\u1ee7a th\u1ecb tr\u01b0\u1eddng n\u0103ng l\u01b0\u1ee3ng. \u00d4ng nh\u1ea5n m\u1ea1nh r\u1eb1ng vi\u1ec7c t\u0103ng l\u00e3i su\u1ea5t v\u00e0o th\u1eddi \u0111i\u1ec3m n\u00e0y c\u00f3 th\u1ec3 g\u00e2y ra nh\u1eefng h\u1ec7 qu\u1ea3 ti\u00eau c\u1ef1c cho n\u1ec1n kinh t\u1ebf v\u1ec1 sau, do t\u00e1c \u0111\u1ed9ng tr\u1ec5 c\u1ee7a ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7. \u201cV\u00e0o th\u1eddi \u0111i\u1ec3m t\u00e1c \u0111\u1ed9ng c\u1ee7a vi\u1ec7c th\u1eaft ch\u1eb7t ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 ph\u00e1t huy hi\u1ec7u l\u1ef1c, c\u00fa s\u1ed1c gi\u00e1 d\u1ea7u c\u00f3 l\u1ebd \u0111\u00e3 qua \u0111i, v\u00e0 b\u1ea1n \u0111ang gh\u00ecm ch\u00e2n n\u1ec1n kinh t\u1ebf v\u00e0o th\u1eddi \u0111i\u1ec3m kh\u00f4ng th\u00edch h\u1ee3p. V\u00ec v\u1eady, xu h\u01b0\u1edbng l\u00e0 b\u1ecf qua m\u1ecdi lo\u1ea1i c\u00fa s\u1ed1c ngu\u1ed3n cung,\u201d \u00f4ng gi\u1ea3i th\u00edch, cho th\u1ea5y s\u1ef1 \u01b0u ti\u00ean \u1ed5n \u0111\u1ecbnh d\u00e0i h\u1ea1n h\u01a1n l\u00e0 ph\u1ea3n \u1ee9ng t\u1ee9c th\u1eddi v\u1edbi c\u00e1c y\u1ebfu t\u1ed1 b\u00ean ngo\u00e0i.<\/p>\n<p>Quan \u0111i\u1ec3m c\u1ee7a Powell \u0111\u00e3 nhanh ch\u00f3ng \u0111\u01b0\u1ee3c ph\u1ea3n \u00e1nh tr\u00ean c\u00e1c th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh. Kh\u1ea3 n\u0103ng Fed t\u0103ng l\u00e3i su\u1ea5t trong n\u0103m nay \u0111\u00e3 gi\u1ea3m m\u1ea1nh. C\u1ee5 th\u1ec3, v\u00e0o s\u00e1ng th\u1ee9 S\u00e1u tr\u01b0\u1edbc \u0111\u00f3, th\u1ecb tr\u01b0\u1eddng c\u00f2n d\u1ef1 b\u00e1o h\u01a1n <strong>50%<\/strong> kh\u1ea3 n\u0103ng t\u0103ng l\u00e3i su\u1ea5t 0,25 \u0111i\u1ec3m ph\u1ea7n tr\u0103m. Tuy nhi\u00ean, sau ph\u00e1t bi\u1ec3u c\u1ee7a \u00f4ng Powell, t\u1ef7 l\u1ec7 n\u00e0y \u0111\u00e3 gi\u1ea3m xu\u1ed1ng ch\u1ec9 c\u00f2n <strong>2,2%<\/strong> cho \u0111\u1ebfn th\u00e1ng 12. \u0110i\u1ec1u n\u00e0y cho th\u1ea5y Ph\u1ed1 Wall \u0111ang d\u1ea7n t\u1eeb b\u1ecf \u0111\u1eb7t c\u01b0\u1ee3c v\u00e0o m\u1ed9t chu k\u1ef3 th\u1eaft ch\u1eb7t ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 m\u1edbi. C\u00e1c th\u01b0\u1edbc \u0111o d\u1ef1a tr\u00ean th\u1ecb tr\u01b0\u1eddng, nh\u01b0 t\u1ef7 l\u1ec7 h\u00f2a v\u1ed1n (breakeven rates) c\u1ee7a l\u1ee3i su\u1ea5t tr\u00e1i phi\u1ebfu Kho b\u1ea1c M\u1ef9 k\u1ef3 h\u1ea1n 5 n\u0103m, c\u0169ng cho th\u1ea5y \u00edt lo ng\u1ea1i v\u1ec1 l\u1ea1m ph\u00e1t gia t\u0103ng, khi t\u1ef7 l\u1ec7 n\u00e0y g\u1ea7n \u0111\u00e2y dao \u0111\u1ed9ng quanh <strong>2,56%<\/strong> v\u00e0 c\u00f3 xu h\u01b0\u1edbng gi\u1ea3m trong 10 ng\u00e0y qua.<\/p>\n<p>Tuy nhi\u00ean, b\u1ee9c tranh ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 c\u00f2n ph\u1ee9c t\u1ea1p b\u1edfi s\u1ef1 chuy\u1ec3n giao quy\u1ec1n l\u1ef1c s\u1eafp t\u1edbi. Nhi\u1ec7m k\u1ef3 c\u1ee7a \u00f4ng Powell s\u1ebd k\u1ebft th\u00fac v\u00e0o gi\u1eefa th\u00e1ng 5, v\u00e0 T\u1ed5ng th\u1ed1ng Donald Trump \u0111\u00e3 \u0111\u1ec1 c\u1eed c\u1ef1u Th\u1ed1ng \u0111\u1ed1c Kevin Warsh l\u00e0m Ch\u1ee7 t\u1ecbch k\u1ebf nhi\u1ec7m. Warsh n\u1ed5i ti\u1ebfng v\u1edbi quan \u0111i\u1ec3m \u1ee7ng h\u1ed9 l\u00e3i su\u1ea5t th\u1ea5p h\u01a1n m\u1ee9c hi\u1ec7n t\u1ea1i. Th\u1ebf nh\u01b0ng, \u0111\u1ec1 c\u1eed c\u1ee7a \u00f4ng \u0111ang g\u1eb7p tr\u1edf ng\u1ea1i t\u1ea1i \u1ee6y ban Ng\u00e2n h\u00e0ng Th\u01b0\u1ee3ng vi\u1ec7n do cu\u1ed9c \u0111i\u1ec1u tra li\u00ean quan \u0111\u1ebfn vi\u1ec7c c\u1ea3i t\u1ea1o tr\u1ee5 s\u1edf Fed do C\u00f4ng t\u1ed1 vi\u00ean Hoa K\u1ef3 Jeanine Pirro ti\u1ebfn h\u00e0nh. M\u1eb7c d\u00f9 m\u1ed9t th\u1ea9m ph\u00e1n \u0111\u00e3 b\u00e1c b\u1ecf tr\u00e1t \u0111\u00f2i h\u1ea7u t\u00f2a c\u1ee7a v\u0103n ph\u00f2ng Pirro \u0111\u1ed1i v\u1edbi Powell, b\u00e0 v\u1eabn \u0111ang kh\u00e1ng c\u00e1o. Trong khi v\u1ee5 vi\u1ec7c \u0111\u01b0\u1ee3c x\u1eed l\u00fd, Th\u01b0\u1ee3ng ngh\u1ecb s\u0129 Thom Tillis, \u0111\u1ea3ng C\u1ed9ng h\u00f2a t\u1ea1i North Carolina, \u0111\u00e3 tuy\u00ean b\u1ed1 s\u1ebd ng\u0103n ch\u1eb7n vi\u1ec7c th\u00f4ng qua \u0111\u1ec1 c\u1eed. S\u1ef1 kh\u00f4ng ch\u1eafc ch\u1eafn n\u00e0y t\u1ea1o ra m\u1ed9t r\u1ee7i ro ch\u00ednh tr\u1ecb ti\u1ec1m \u1ea9n, c\u00f3 th\u1ec3 \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn k\u1ef3 v\u1ecdng th\u1ecb tr\u01b0\u1eddng v\u1ec1 \u0111\u1ecbnh h\u01b0\u1edbng ch\u00ednh s\u00e1ch trong t\u01b0\u01a1ng lai. <a href=\"https:\/\/taichinhphowall.com\/index.php\/2026\/04\/06\/warren-buffett-tai-khang-dinh-chien-luoc-giua-bien-dong-thi-truong-chua-co-gi-dang-de-kich-thich-mua-sam-lon\/\">Chi\u1ebfn l\u01b0\u1ee3c qu\u1ea3n tr\u1ecb r\u1ee7i ro v\u00e0 th\u00edch nghi v\u1edbi bi\u1ebfn \u0111\u1ed9ng th\u1ecb tr\u01b0\u1eddng<\/a> l\u00e0 \u0111i\u1ec1u c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 c\u1ea7n \u0111\u1eb7c bi\u1ec7t quan t\u00e2m trong b\u1ed1i c\u1ea3nh n\u00e0y.<\/p>\n<p>Ngo\u00e0i ra, Powell c\u0169ng \u0111\u00e3 \u0111\u1ec1 c\u1eadp \u0111\u1ebfn nh\u1eefng lo ng\u1ea1i v\u1ec1 th\u1ecb tr\u01b0\u1eddng t\u00edn d\u1ee5ng t\u01b0 nh\u00e2n tr\u1ecb gi\u00e1 <strong>3 ngh\u00ecn t\u1ef7 USD<\/strong>, v\u1edbi c\u00e1c d\u1ea5u hi\u1ec7u v\u1ec1 t\u00ecnh tr\u1ea1ng v\u1ee1 n\u1ee3 gia t\u0103ng v\u00e0 nh\u00e0 \u0111\u1ea7u t\u01b0 r\u00fat v\u1ed1n. M\u1eb7c d\u00f9 \u00f4ng kh\u00f4ng ph\u1ee7 nh\u1eadn r\u1ee7i ro, nh\u01b0ng Ch\u1ee7 t\u1ecbch Fed v\u1eabn kh\u1eb3ng \u0111\u1ecbnh ch\u01b0a th\u1ea5y c\u00e1c m\u1ed1i li\u00ean h\u1ec7 \u0111\u1ee7 l\u1edbn \u0111\u1ec3 g\u00e2y ra r\u1ee7i ro l\u00e2y lan (contagion) \u0111\u1ebfn h\u1ec7 th\u1ed1ng ng\u00e2n h\u00e0ng. \u00d4ng g\u1ecdi \u0111\u00e2y l\u00e0 m\u1ed9t &#8220;s\u1ef1 \u0111i\u1ec1u ch\u1ec9nh&#8221; \u0111ang di\u1ec5n ra, n\u01a1i &#8220;ch\u1eafc ch\u1eafn s\u1ebd c\u00f3 nh\u1eefng ng\u01b0\u1eddi m\u1ea5t ti\u1ec1n v\u00e0 nh\u1eefng th\u1ee9 t\u01b0\u01a1ng t\u1ef1,&#8221; nh\u01b0ng &#8220;c\u00f3 v\u1ebb nh\u01b0 n\u00f3 kh\u00f4ng c\u00f3 d\u1ea5u hi\u1ec7u tr\u1edf th\u00e0nh m\u1ed9t s\u1ef1 ki\u1ec7n h\u1ec7 th\u1ed1ng r\u1ed9ng l\u1edbn h\u01a1n.&#8221; Quan \u0111i\u1ec3m n\u00e0y cho th\u1ea5y Fed \u0111ang theo d\u00f5i s\u00e1t sao nh\u01b0ng v\u1eabn gi\u1eef th\u00e1i \u0111\u1ed9 th\u1eadn tr\u1ecdng, kh\u00f4ng qu\u00e1 bi quan v\u1ec1 kh\u1ea3 n\u0103ng b\u00f9ng ph\u00e1t kh\u1ee7ng ho\u1ea3ng t\u1eeb ph\u00e2n kh\u00fac n\u00e0y.<\/p>\n<p>T\u1ed5ng k\u1ebft l\u1ea1i, b\u00e0i ph\u00e1t bi\u1ec3u c\u1ee7a Ch\u1ee7 t\u1ecbch Fed Jerome Powell t\u1ea1i Harvard \u0111\u00e3 c\u1ee7ng c\u1ed1 ni\u1ec1m tin c\u1ee7a th\u1ecb tr\u01b0\u1eddng r\u1eb1ng ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 s\u1ebd ti\u1ebfp t\u1ee5c duy tr\u00ec tr\u1ea1ng th\u00e1i hi\u1ec7n t\u1ea1i, v\u1edbi l\u00e3i su\u1ea5t m\u1ee5c ti\u00eau dao \u0111\u1ed9ng trong kho\u1ea3ng <strong>3,5%-3,75%<\/strong>, \u00edt nh\u1ea5t l\u00e0 trong t\u01b0\u01a1ng lai g\u1ea7n. \u0110i\u1ec1u n\u00e0y mang l\u1ea1i s\u1ef1 \u1ed5n \u0111\u1ecbnh nh\u1ea5t \u0111\u1ecbnh cho th\u1ecb tr\u01b0\u1eddng chung, d\u00f9 nh\u1eefng y\u1ebfu t\u1ed1 \u0111\u1ecba ch\u00ednh tr\u1ecb v\u00e0 s\u1ef1 b\u1ea5t \u0111\u1ecbnh v\u1ec1 ng\u01b0\u1eddi k\u1ebf nhi\u1ec7m v\u1eabn l\u00e0 nh\u1eefng \u1ea9n s\u1ed1 c\u1ea7n \u0111\u01b0\u1ee3c theo d\u00f5i ch\u1eb7t ch\u1ebd.<\/p>\n<p>    <i>Bi\u00ean t\u1eadp: Ph\u1ed1 Wall (Theo ngu\u1ed3n g\u1ed1c)<\/i>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Trong m\u1ed9t cu\u1ed9c tr\u00f2 chuy\u1ec7n s\u00e2u r\u1ed9ng t\u1ea1i \u0110\u1ea1i h\u1ecdc Harvard \u1edf Cambridge, Massachusetts, Ch\u1ee7 t\u1ecbch C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang M\u1ef9 (Fed), Jerome Powell, \u0111\u00e3 g\u1eedi \u0111i m\u1ed9t th\u00f4ng \u0111i\u1ec7p tr\u1ea5n an th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh to\u00e0n c\u1ea7u. \u00d4ng cho r\u1eb1ng k\u1ef3 v\u1ecdng l\u1ea1m ph\u00e1t v\u1eabn &#8220;\u0111\u01b0\u1ee3c neo gi\u1eef&#8221; b\u1ea5t ch\u1ea5p gi\u00e1 n\u0103ng l\u01b0\u1ee3ng [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2716,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43],"tags":[],"class_list":["post-2719","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-thi-truong-chung-khoan"],"_links":{"self":[{"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/posts\/2719","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=2719"}],"version-history":[{"count":0,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/posts\/2719\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/media\/2716"}],"wp:attachment":[{"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/media?parent=2719"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/categories?post=2719"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/tags?post=2719"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}