{"id":2733,"date":"2026-04-06T23:59:55","date_gmt":"2026-04-06T16:59:55","guid":{"rendered":"https:\/\/taichinhphowall.com\/index.php\/2026\/04\/06\/cuoc-chien-lanh-dao-fed-ung-vien-kevin-warsh-doi-mat-phan-doi-du-doi-kich-ban-nao-cho-thi-truong-chung\/"},"modified":"2026-04-06T23:59:55","modified_gmt":"2026-04-06T16:59:55","slug":"cuoc-chien-lanh-dao-fed-ung-vien-kevin-warsh-doi-mat-phan-doi-du-doi-kich-ban-nao-cho-thi-truong-chung","status":"publish","type":"post","link":"https:\/\/taichinhphowall.com\/index.php\/2026\/04\/06\/cuoc-chien-lanh-dao-fed-ung-vien-kevin-warsh-doi-mat-phan-doi-du-doi-kich-ban-nao-cho-thi-truong-chung\/","title":{"rendered":"Cu\u1ed9c Chi\u1ebfn L\u00e3nh \u0110\u1ea1o FED: \u1ee8ng Vi\u00ean Kevin Warsh \u0110\u1ed1i M\u1eb7t Ph\u1ea3n \u0110\u1ed1i D\u1eef D\u1ed9i, K\u1ecbch B\u1ea3n N\u00e0o Cho Th\u1ecb Tr\u01b0\u1eddng Chung?"},"content":{"rendered":"
\n

Cu\u1ed9c \u0111ua gi\u00e0nh gh\u1ebf Ch\u1ee7 t\u1ecbch C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang M\u1ef9 (FED) \u0111ang n\u00f3ng h\u01a1n bao gi\u1edd h\u1ebft v\u1edbi s\u1ef1 ph\u1ea3n \u0111\u1ed1i gay g\u1eaft t\u1eeb Th\u01b0\u1ee3ng ngh\u1ecb s\u0129 Elizabeth Warren (bang Massachusetts) d\u00e0nh cho \u1ee9ng vi\u00ean Kevin Warsh. L\u00e1 th\u01b0 “k\u1ecbch li\u1ec7t” c\u1ee7a b\u00e0 Warren, \u0111\u01b0\u1ee3c CNBC c\u00f4ng b\u1ed1, kh\u00f4ng ch\u1ec9 \u0111\u00e0o s\u00e2u v\u00e0o h\u1ed3 s\u01a1 qu\u00e1 kh\u1ee9 c\u1ee7a Warsh trong kh\u1ee7ng ho\u1ea3ng t\u00e0i ch\u00ednh 2008 m\u00e0 c\u00f2n \u0111\u1eb7t ra nh\u1eefng c\u00e2u h\u1ecfi nghi\u00eam tr\u1ecdng v\u1ec1 s\u1ef1 \u0111\u1ed9c l\u1eadp v\u00e0 \u0111\u1ecbnh h\u01b0\u1edbng ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 c\u1ee7a FED, t\u1ea1o ra s\u00f3ng gi\u00f3 \u0111\u00e1ng k\u1ec3 cho th\u1ecb tr\u01b0\u1eddng chung.<\/p>\n

\"tin<\/p>\n

Th\u01b0\u1ee3ng ngh\u1ecb s\u0129 Warren c\u00e1o bu\u1ed9c \u00f4ng Kevin Warsh, m\u1ed9t c\u1ef1u th\u00e0nh vi\u00ean H\u1ed9i \u0111\u1ed3ng Th\u1ed1ng \u0111\u1ed1c FED t\u1eeb n\u0103m 2006 \u0111\u1ebfn 2011<\/strong>, s\u1ebd tr\u1edf th\u00e0nh “c\u00e1i g\u1eadt \u0111\u1ea7u” cho ch\u01b0\u01a1ng tr\u00ecnh ngh\u1ecb s\u1ef1 “\u01afu ti\u00ean Ph\u1ed1 Wall” c\u1ee7a T\u1ed5ng th\u1ed1ng Trump. B\u00e0 ch\u1ec9 tr\u00edch gay g\u1eaft vi\u1ec7c \u00f4ng Warsh “kh\u00f4ng h\u1ecdc \u0111\u01b0\u1ee3c g\u00ec t\u1eeb nh\u1eefng th\u1ea5t b\u1ea1i” trong giai \u0111o\u1ea1n kh\u1ee7ng ho\u1ea3ng t\u00e0i ch\u00ednh 2008-2009<\/strong> v\u00e0 Suy tho\u00e1i l\u1edbn, cho r\u1eb1ng h\u1ed3 s\u01a1 c\u1ee7a \u00f4ng l\u1ebd ra ph\u1ea3i “lo\u1ea1i b\u1ecf \u00f4ng kh\u1ecfi vi\u1ec7c \u0111\u01b0\u1ee3c th\u0103ng ch\u1ee9c”. Nh\u1eefng lo ng\u1ea1i n\u00e0y kh\u00f4ng ph\u1ea3i l\u00e0 kh\u00f4ng c\u00f3 c\u01a1 s\u1edf, khi b\u00e0 Warren ch\u1ec9 ra r\u1eb1ng Warsh \u0111\u00e3 t\u1eebng \u1ee7ng h\u1ed9 c\u00e1c s\u1ea3n ph\u1ea9m cho vay d\u01b0\u1edbi chu\u1ea9n (subprime mortgages) v\u00e0 c\u00e1c c\u00f4ng c\u1ee5 ph\u00e1i sinh, th\u1ee9 m\u00e0 b\u00e0 g\u1ecdi l\u00e0 “\u0111\u1ed5i m\u1edbi t\u00e0i ch\u00ednh” nh\u01b0ng l\u1ea1i khi\u1ebfn h\u1ec7 th\u1ed1ng t\u00e0i ch\u00ednh tr\u1edf n\u00ean k\u00e9m an to\u00e0n h\u01a1n.<\/p>\n

Ph\u00e2n T\u00edch S\u1eafc B\u00e9n T\u1eeb Ph\u1ed1 Wall: \u00c1p L\u1ef1c Ch\u00ednh Tr\u1ecb \u0110\u1ecbnh H\u00ecnh Ch\u00ednh S\u00e1ch Ti\u1ec1n T\u1ec7<\/h2>\n

T\u00e2m \u0111i\u1ec3m c\u1ee7a cu\u1ed9c tranh lu\u1eadn kh\u00f4ng ch\u1ec9 l\u00e0 n\u0103ng l\u1ef1c c\u00e1 nh\u00e2n m\u00e0 c\u00f2n l\u00e0 vai tr\u00f2 c\u1ee7a FED trong vi\u1ec7c c\u00e2n b\u1eb1ng gi\u1eefa \u1ed5n \u0111\u1ecbnh t\u00e0i ch\u00ednh v\u00e0 t\u0103ng tr\u01b0\u1edfng kinh t\u1ebf. B\u00e0 Warren nh\u1ea5n m\u1ea1nh r\u1eb1ng Warsh, trong vai tr\u00f2 c\u0169, d\u01b0\u1eddng nh\u01b0 \u0111\u00e3 \u01b0u ti\u00ean l\u1ee3i \u00edch c\u1ee7a c\u00e1c t\u1ed5 ch\u1ee9c t\u00e0i ch\u00ednh l\u1edbn h\u01a1n l\u00e0 ng\u01b0\u1eddi d\u00e2n M\u1ef9. B\u1eb1ng ch\u1ee9ng \u0111\u01b0\u1ee3c \u0111\u01b0a ra l\u00e0 vi\u1ec7c \u00f4ng \u0111\u00e3 c\u00f3 “b\u1ea3y n\u0103m” kinh nghi\u1ec7m l\u00e0m gi\u00e1m \u0111\u1ed1c \u0111i\u1ec1u h\u00e0nh m\u1ea3ng M&A t\u1ea1i Morgan Stanley tr\u01b0\u1edbc khi gia nh\u1eadp ch\u00ednh quy\u1ec1n George W. Bush, v\u00e0 sau \u0111\u00f3 \u0111\u00f3ng vai tr\u00f2 trung t\u00e2m trong vi\u1ec7c d\u00e0n x\u1ebfp c\u00e1c g\u00f3i c\u1ee9u tr\u1ee3 tr\u1ecb gi\u00e1 “nhi\u1ec1u t\u1ef7 USD” cho Ph\u1ed1 Wall. \u0110\u00e1ng ch\u00fa \u00fd, \u00f4ng th\u1eadm ch\u00ed c\u00f2n \u0111\u01b0\u1ee3c mi\u1ec5n tr\u1eeb \u0111\u1ea1o \u0111\u1ee9c \u0111\u1ec3 tr\u1ef1c ti\u1ebfp gi\u1ea3i quy\u1ebft c\u00e1c v\u1ea5n \u0111\u1ec1 li\u00ean quan \u0111\u1ebfn Morgan Stanley, m\u1ed9t \u0111\u1ed9ng th\u00e1i g\u00e2y tranh c\u00e3i m\u1ea1nh m\u1ebd.<\/p>\n

Ngo\u00e0i ra, Warren c\u00f2n ch\u1ec9 tr\u00edch quan \u0111i\u1ec3m ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 c\u1ee7a Warsh, \u0111\u1eb7c bi\u1ec7t l\u00e0 vi\u1ec7c \u00f4ng \u1ee7ng h\u1ed9 t\u0103ng l\u00e3i su\u1ea5t trong b\u1ed1i c\u1ea3nh n\u1ec1n kinh t\u1ebf \u0111ang “\u1ed1m y\u1ebfu” v\u00e0 m\u1ea5t vi\u1ec7c l\u00e0m h\u00e0ng lo\u1ea1t, cho th\u1ea5y “m\u1ed9t th\u1ea5t b\u1ea1i l\u1eb7p \u0111i l\u1eb7p l\u1ea1i trong vi\u1ec7c \u0111\u00e1nh gi\u00e1 ch\u00ednh x\u00e1c t\u00e1c \u0111\u1ed9ng c\u1ee7a l\u1ea1m ph\u00e1t \u0111\u1ed1i v\u1edbi n\u1ec1n kinh t\u1ebf M\u1ef9.” \u0110\u00e2y l\u00e0 m\u1ed9t \u0111i\u1ec3m c\u1ef1c k\u1ef3 quan tr\u1ecdng, b\u1edfi v\u00ec s\u1ef1 l\u00e3nh \u0111\u1ea1o c\u1ee7a Ch\u1ee7 t\u1ecbch FED c\u00f3 th\u1ec3 thay \u0111\u1ed5i ho\u00e0n to\u00e0n h\u01b0\u1edbng \u0111i c\u1ee7a n\u1ec1n kinh t\u1ebf th\u00f4ng qua ch\u00ednh s\u00e1ch l\u00e3i su\u1ea5t.<\/p>\n

T\u00ecnh h\u00ecnh c\u00e0ng tr\u1edf n\u00ean ph\u1ee9c t\u1ea1p v\u1edbi s\u00f3ng ng\u1ea7m ch\u00ednh tr\u1ecb<\/a> xung quanh Ch\u1ee7 t\u1ecbch \u0111\u01b0\u01a1ng nhi\u1ec7m Jerome Powell. T\u1ed5ng th\u1ed1ng Trump \u0111\u00e3 nhi\u1ec1u l\u1ea7n g\u00e2y \u00e1p l\u1ef1c y\u00eau c\u1ea7u Powell v\u00e0 H\u1ed9i \u0111\u1ed3ng Th\u1ed1ng \u0111\u1ed1c c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t “nhanh ch\u00f3ng v\u00e0 s\u00e2u h\u01a1n” k\u1ec3 t\u1eeb khi \u00f4ng tr\u1edf l\u1ea1i Nh\u00e0 Tr\u1eafng v\u00e0o th\u00e1ng 1 n\u0103m 2025<\/strong>. Vi\u1ec7c Th\u01b0\u1ee3ng ngh\u1ecb s\u0129 Thom Tillis (bang North Carolina) tuy\u00ean b\u1ed1 s\u1ebd ng\u0103n ch\u1eb7n vi\u1ec7c xem x\u00e9t \u0111\u1ec1 c\u1eed Warsh t\u1ea1i Th\u01b0\u1ee3ng vi\u1ec7n cho \u0111\u1ebfn khi cu\u1ed9c \u0111i\u1ec1u tra h\u00ecnh s\u1ef1 nh\u1eb1m v\u00e0o Ch\u1ee7 t\u1ecbch Powell \u0111\u01b0\u1ee3c gi\u1ea3i quy\u1ebft, c\u00e0ng l\u00e0m cho cu\u1ed9c chi\u1ebfn quy\u1ec1n l\u1ef1c t\u1ea1i FED tr\u1edf n\u00ean c\u0103ng th\u1eb3ng. Cu\u1ed9c \u0111i\u1ec1u tra n\u00e0y, do Jeanine Pirro, lu\u1eadt s\u01b0 bang cho \u0110\u1eb7c khu Columbia, kh\u1edfi x\u01b0\u1edbng, \u0111\u01b0\u1ee3c cho l\u00e0 t\u1eadp trung v\u00e0o vi\u1ec7c chi ti\u00eau v\u01b0\u1ee3t m\u1ee9c trong qu\u00e1 tr\u00ecnh c\u1ea3i t\u1ea1o tr\u1ee5 s\u1edf FED, m\u1eb7c d\u00f9 m\u1ed9t th\u1ea9m ph\u00e1n li\u00ean bang \u1edf Washington v\u00e0o ng\u00e0y 11 th\u00e1ng 3<\/strong> \u0111\u00e3 b\u00e1c b\u1ecf c\u00e1c tr\u00e1t \u0111\u00f2i h\u1ea7u t\u00f2a li\u00ean quan.<\/p>\n

H\u1ec7 Qu\u1ea3 \u0110\u1ed1i V\u1edbi Th\u1ecb Tr\u01b0\u1eddng Chung<\/h2>\n

\u0110\u1ed1i v\u1edbi th\u1ecb tr\u01b0\u1eddng chung (ID 43), nh\u1eefng di\u1ec5n bi\u1ebfn n\u00e0y mang theo nhi\u1ec1u r\u1ee7i ro. S\u1ef1 b\u1ea5t \u1ed5n trong qu\u00e1 tr\u00ecnh b\u1ed5 nhi\u1ec7m l\u00e3nh \u0111\u1ea1o FED c\u00f3 th\u1ec3 l\u00e0m lung lay ni\u1ec1m tin c\u1ee7a nh\u00e0 \u0111\u1ea7u t\u01b0, \u0111\u1eb7c bi\u1ec7t khi nhi\u1ec7m k\u1ef3 c\u1ee7a Powell s\u1eafp h\u1ebft v\u00e0o th\u00e1ng 5<\/strong>. M\u1ed9t FED b\u1ecb ch\u00ednh tr\u1ecb h\u00f3a ho\u1eb7c m\u1ed9t l\u00e3nh \u0111\u1ea1o c\u00f3 quan \u0111i\u1ec3m ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 g\u00e2y tranh c\u00e3i c\u00f3 th\u1ec3 d\u1eabn \u0111\u1ebfn s\u1ef1 thi\u1ebfu nh\u1ea5t qu\u00e1n, kh\u00f3 l\u01b0\u1eddng trong c\u00e1c quy\u1ebft \u0111\u1ecbnh \u0111i\u1ec1u h\u00e0nh, t\u1eeb \u0111\u00f3 \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n, tr\u00e1i phi\u1ebfu, v\u00e0 t\u1ef7 gi\u00e1 h\u1ed1i \u0111o\u00e1i.<\/p>\n

N\u1ebfu Kevin Warsh \u0111\u01b0\u1ee3c x\u00e1c nh\u1eadn, th\u1ecb tr\u01b0\u1eddng s\u1ebd ph\u1ea3i \u0111\u00e1nh gi\u00e1 l\u1ea1i k\u1ef3 v\u1ecdng v\u1ec1 ch\u00ednh s\u00e1ch l\u00e3i su\u1ea5t v\u00e0 quy \u0111\u1ecbnh t\u00e0i ch\u00ednh. C\u00e1c c\u00e1o bu\u1ed9c c\u1ee7a b\u00e0 Warren v\u1ec1 vi\u1ec7c \u00f4ng \u01b0u ti\u00ean Ph\u1ed1 Wall v\u00e0 kh\u00f4ng \u1ee7ng h\u1ed9 c\u00e1c bi\u1ec7n ph\u00e1p b\u1ea3o v\u1ec7 ng\u01b0\u1eddi d\u00e2n c\u00f3 th\u1ec3 khi\u1ebfn c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 lo ng\u1ea1i v\u1ec1 kh\u1ea3 n\u0103ng x\u1ea3y ra c\u00e1c bong b\u00f3ng t\u00e0i s\u1ea3n trong t\u01b0\u01a1ng lai ho\u1eb7c s\u1ef1 thi\u1ebfu v\u1eafng c\u00e1c bi\u1ec7n ph\u00e1p b\u1ea3o v\u1ec7 hi\u1ec7u qu\u1ea3. Ng\u01b0\u1ee3c l\u1ea1i, n\u1ebfu qu\u00e1 tr\u00ecnh n\u00e0y k\u00e9o d\u00e0i ho\u1eb7c b\u1ecb c\u1ea3n tr\u1edf, s\u1ef1 thi\u1ebfu ch\u1eafc ch\u1eafn v\u1ec1 ng\u01b0\u1eddi \u0111\u1ee9ng \u0111\u1ea7u c\u01a1 quan qu\u1ea3n l\u00fd ti\u1ec1n t\u1ec7 quy\u1ec1n l\u1ef1c nh\u1ea5t th\u1ebf gi\u1edbi c\u0169ng s\u1ebd l\u00e0 m\u1ed9t y\u1ebfu t\u1ed1 b\u1ea5t l\u1ee3i.<\/p>\n

Bi\u00ean t\u1eadp: Ph\u1ed1 Wall (Theo ngu\u1ed3n g\u1ed1c)<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Cu\u1ed9c \u0111ua gi\u00e0nh gh\u1ebf Ch\u1ee7 t\u1ecbch C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang M\u1ef9 (FED) \u0111ang n\u00f3ng h\u01a1n bao gi\u1edd h\u1ebft v\u1edbi s\u1ef1 ph\u1ea3n \u0111\u1ed1i gay g\u1eaft t\u1eeb Th\u01b0\u1ee3ng ngh\u1ecb s\u0129 Elizabeth Warren (bang Massachusetts) d\u00e0nh cho \u1ee9ng vi\u00ean Kevin Warsh. L\u00e1 th\u01b0 “k\u1ecbch li\u1ec7t” c\u1ee7a b\u00e0 Warren, \u0111\u01b0\u1ee3c CNBC c\u00f4ng b\u1ed1, kh\u00f4ng ch\u1ec9 \u0111\u00e0o s\u00e2u v\u00e0o […]<\/p>\n","protected":false},"author":1,"featured_media":2730,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43],"tags":[],"class_list":["post-2733","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\/2733","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=2733"}],"version-history":[{"count":0,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/posts\/2733\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/media\/2730"}],"wp:attachment":[{"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/media?parent=2733"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/categories?post=2733"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/tags?post=2733"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}