Khi th\u1ebf gi\u1edbi t\u00e0i ch\u00ednh chu\u1ea9n b\u1ecb cho m\u1ed9t kho\u1ea3nh kh\u1eafc quan tr\u1ecdng kh\u00e1c, c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 th\u1ea5y m\u00ecnh \u0111ang nh\u00ecn ch\u1eb1m ch\u1eb1m v\u00e0o v\u1ef1c th\u1eb3m, hy v\u1ecdng, kh\u00f4ng c\u1ea7u nguy\u1ec7n r\u1eb1ng Ch\u1ee7 t\u1ecbch C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang Jerome Powell c\u00f3 th\u1ec3 k\u00e9o h\u1ecd tr\u1edf l\u1ea1i t\u1eeb b\u1edd v\u1ef1c. V\u1edbi n\u1ed7i s\u1ee3 l\u1ea1m ph\u00e1t \u0111\u00ecnh tr\u1ec7 \u0111ang l\u1edd m\u1edd nh\u01b0 m\u1ed9t b\u00f3ng ma kinh t\u1ebf, cu\u1ed9c h\u1ecdp b\u00e1o t\u1ed1i nay c\u00f3 th\u1ec3 x\u00e1c \u0111\u1ecbnh li\u1ec7u th\u1ecb tr\u01b0\u1eddng c\u00f3 th\u1ec3 th\u1edf ph\u00e0o nh\u1eb9 nh\u00f5m hay r\u01a1i v\u00e0o v\u00f2ng xo\u00e1y b\u1ea5t \u1ed5n s\u00e2u s\u1eafc h\u01a1n.<\/p>\n
\u0110\u00ecnh l\u1ea1m. \u0110\u00e2y l\u00e0 t\u1eeb khi\u1ebfn c\u00e1c nh\u00e0 ho\u1ea1ch \u0111\u1ecbnh ch\u00ednh s\u00e1ch v\u00e0 nh\u00e0 giao d\u1ecbch r\u00f9ng m\u00ecnh. M\u1ed9t h\u1ed7n h\u1ee3p \u0111\u1ed9c h\u1ea1i c\u1ee7a l\u1ea1m ph\u00e1t cao, t\u0103ng tr\u01b0\u1edfng ch\u1eadm ch\u1ea1p v\u00e0 t\u1ea1o vi\u1ec7c l\u00e0m y\u1ebfu, \u0111\u00e2y l\u00e0 t\u00ecnh tr\u1ea1ng kinh t\u1ebf khi\u1ebfn th\u1ecb tr\u01b0\u1eddng tr\u1edf n\u00ean t\u1ed3i t\u1ec7 nh\u1ea5t. C\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111ang v\u1eadt l\u1ed9n v\u1edbi chi ph\u00ed t\u0103ng, nhu c\u1ea7u ch\u1eadm l\u1ea1i v\u00e0 tri\u1ec3n v\u1ecdng ng\u00e0y c\u00e0ng u \u00e1m, v\u00e0 \u0111\u1ed9ng th\u00e1i ti\u1ebfp theo c\u1ee7a Powell c\u00f3 th\u1ec3 c\u1ee7ng c\u1ed1 ho\u1eb7c ph\u00e1 v\u1ee1 s\u1ef1 l\u1ea1c quan mong manh v\u1eabn \u0111ang b\u00e1m ch\u1eb7t v\u00e0o Ph\u1ed1 Wall.<\/p>\n
C\u00e1c ch\u1ec9 s\u1ed1 kinh t\u1ebf g\u1ea7n \u0111\u00e2y kh\u00f4ng l\u00e0m g\u00ec \u0111\u1ec3 xoa d\u1ecbu s\u1ef1 lo l\u1eafng. L\u1ea1m ph\u00e1t v\u1eabn c\u1ee9ng \u0111\u1ea7u \u1edf m\u1ee9c cao h\u01a1n m\u1ee5c ti\u00eau 2% c\u1ee7a Fed, trong khi d\u1ef1 b\u00e1o t\u0103ng tr\u01b0\u1edfng GDP ti\u1ebfp t\u1ee5c b\u1ecb c\u1eaft gi\u1ea3m. Trong khi \u0111\u00f3, t\u00e2m l\u00fd ng\u01b0\u1eddi ti\u00eau d\u00f9ng \u0111ang tr\u00ean b\u1edd v\u1ef1c th\u1eb3m, v\u1edbi th\u00f3i quen chi ti\u00eau thay \u0111\u1ed5i khi ti\u1ec1n l\u01b0\u01a1ng ph\u1ea3i v\u1eadt l\u1ed9n \u0111\u1ec3 theo k\u1ecbp chi ph\u00ed sinh ho\u1ea1t. V\u00e0 trong khi s\u1ed1 l\u01b0\u1ee3ng vi\u1ec7c l\u00e0m v\u1eabn \u0111\u01b0\u1ee3c duy tr\u00ec, c\u00e1c v\u1ebft n\u1ee9t \u0111ang h\u00ecnh th\u00e0nh, vi\u1ec7c sa th\u1ea3i trong c\u00e1c l\u0129nh v\u1ef1c quan tr\u1ecdng cho th\u1ea5y kh\u1ea3 n\u0103ng suy tho\u00e1i.<\/p>\n
Th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh \u0111ang chuy\u1ec3n \u0111\u1ed9ng v\u1edbi t\u1ea5t c\u1ea3 s\u1ef1 duy\u00ean d\u00e1ng c\u1ee7a m\u1ed9t con m\u00e8o tr\u00ean m\u00e1i t\u00f4n n\u00f3ng. M\u1ed7i d\u1eef li\u1ec7u kinh t\u1ebf \u0111\u1ec1u k\u00edch ho\u1ea1t ph\u1ea3n \u1ee9ng theo qu\u00e1n t\u00ednh khi c\u00e1c nh\u00e0 giao d\u1ecbch tuy\u1ec7t v\u1ecdng c\u1ed1 g\u1eafng \u0111\u1ecbnh gi\u00e1 nh\u1eefng g\u00ec s\u1eafp x\u1ea3y ra ti\u1ebfp theo. C\u1ed5 phi\u1ebfu \u0111\u00e3 b\u1ecb \u0111\u00e1nh b\u1ea1i trong nh\u1eefng tu\u1ea7n g\u1ea7n \u0111\u00e2y, trong khi tr\u00e1i phi\u1ebfu \u0111\u00e3 ch\u1ee9ng ki\u1ebfn nh\u1eefng bi\u1ebfn \u0111\u1ed9ng d\u1eef d\u1ed9i khi c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 c\u1ed1 g\u1eafng gi\u1ea3i m\u00e3 c\u00e1c b\u01b0\u1edbc ti\u1ebfp theo c\u1ee7a Fed. \u0110\u1ed3ng \u0111\u00f4 la \u0111\u00e3 m\u1ea1nh l\u00ean, v\u00e0ng \u0111\u00e3 t\u0103ng v\u1ecdt v\u00e0 s\u1ef1 bi\u1ebfn \u0111\u1ed9ng v\u1eabn l\u00e0 \u0111i\u1ec1u ch\u1eafc ch\u1eafn th\u1ef1c s\u1ef1 duy nh\u1ea5t.<\/p>\n
V\u1edbi l\u1eadp tr\u01b0\u1eddng l\u00e3i su\u1ea5t hi\u1ec7n t\u1ea1i c\u1ee7a Fed \u0111ang dao \u0111\u1ed9ng trong ph\u1ea1m vi h\u1ea1n ch\u1ebf, c\u00e2u h\u1ecfi l\u1edbn nh\u1ea5t v\u1eabn l\u00e0: li\u1ec7u Powell c\u00f3 b\u00e1o hi\u1ec7u s\u1ef1 thay \u0111\u1ed5i kh\u00f4ng? Th\u1ecb tr\u01b0\u1eddng \u0111ang k\u00eau g\u00e0o m\u1ed9t d\u1ea5u hi\u1ec7u cho th\u1ea5y vi\u1ec7c c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t \u0111ang \u0111\u1ebfn g\u1ea7n, nh\u01b0ng Fed v\u1eabn do d\u1ef1 trong vi\u1ec7c \u0111\u01b0a ra h\u01b0\u1edbng d\u1eabn ch\u1eafc ch\u1eafn. H\u00e0nh \u0111\u1ed9ng c\u00e2n b\u1eb1ng c\u1ea9n th\u1eadn c\u1ee7a Powell khi th\u1eeba nh\u1eadn nh\u1eefng lo ng\u1ea1i v\u1ec1 l\u1ea1m ph\u00e1t trong khi v\u1eabn \u0111\u1ec3 ng\u1ecf c\u00e1nh c\u1eeda n\u1edbi l\u1ecfng s\u1ebd \u0111\u01b0\u1ee3c xem x\u00e9t k\u1ef9 l\u01b0\u1ee1ng \u0111\u1ebfn t\u1eebng \u00e2m ti\u1ebft cu\u1ed1i c\u00f9ng.<\/p>\n
T\u1ed1i nay, Powell kh\u00f4ng ch\u1ec9 c\u1ea7m micro m\u00e0 c\u00f2n n\u1eafm gi\u1eef v\u1eadn m\u1ec7nh c\u1ee7a th\u1ecb tr\u01b0\u1eddng trong tay. Li\u1ec7u \u00f4ng c\u00f3 \u0111\u01b0a ra nh\u1eefng l\u1eddi an \u1ee7i m\u00e0 c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 mong mu\u1ed1n \u0111\u01b0\u1ee3c nghe kh\u00f4ng? M\u1ed9t g\u1ee3i \u00fd v\u1ec1 vi\u1ec7c c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t s\u1eafp di\u1ec5n ra c\u00f3 th\u1ec3 th\u1ed5i lu\u1ed3ng sinh kh\u00ed m\u1edbi v\u00e0o c\u1ed5 phi\u1ebfu v\u00e0 t\u00e0i s\u1ea3n r\u1ee7i ro. Nh\u01b0ng vi\u1ec7c kh\u1eb3ng \u0111\u1ecbnh l\u1ea1i l\u1eadp tr\u01b0\u1eddng th\u1eadn tr\u1ecdng c\u1ee7a Fed c\u00f3 th\u1ec3 khi\u1ebfn th\u1ecb tr\u01b0\u1eddng lao d\u1ed1c l\u1ea7n n\u1eefa.<\/p>\n
M\u1ed9t \u0111i\u1ec1u r\u00f5 r\u00e0ng l\u00e0: c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 mu\u1ed1n m\u1ed9t \u0110\u1ea5ng C\u1ee9u Th\u1ebf. H\u1ecd mu\u1ed1n s\u1ef1 \u0111\u1ea3m b\u1ea3o r\u1eb1ng ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 s\u1ebd kh\u00f4ng \u0111\u1ea9y n\u1ec1n kinh t\u1ebf v\u00e0o suy tho\u00e1i. H\u1ecd mu\u1ed1n m\u1ed9t d\u1ea5u hi\u1ec7u cho th\u1ea5y \u0111\u00ecnh l\u1ea1m kh\u00f4ng ph\u1ea3i l\u00e0 con \u0111\u01b0\u1eddng t\u1ea5t y\u1ebfu ph\u00eda tr\u01b0\u1edbc. H\u1ecd mu\u1ed1n hy v\u1ecdng.<\/p>\n
Khi Powell b\u01b0\u1edbc l\u00ean s\u00e2n kh\u1ea5u, th\u1ecb tr\u01b0\u1eddng \u0111\u1ed3ng thanh th\u00ec th\u1ea7m: "H\u00e3y gi\u00fap ch\u00fang t\u00f4i, Jerome Powell, \u00f4ng l\u00e0 hy v\u1ecdng duy nh\u1ea5t c\u1ee7a ch\u00fang ta."<\/p>\n
B\u00e2y gi\u1edd, t\u1ea5t c\u1ea3 nh\u1eefng g\u00ec ch\u00fang ta c\u00f3 th\u1ec3 l\u00e0m l\u00e0 ch\u1edd \u0111\u1ee3i.<\/em><\/p>\n <\/p>\n Tuy\u00ean b\u1ed1 mi\u1ec5n tr\u1eeb r\u1ee7i ro:<\/strong> Th\u00f4ng tin n\u00e0y ch\u1ec9 d\u00e0nh cho m\u1ee5c \u0111\u00edch gi\u00e1o d\u1ee5c v\u00e0 kh\u00f4ng c\u1ea5u th\u00e0nh l\u1eddi khuy\u00ean \u0111\u1ea7u t\u01b0. Th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh li\u00ean quan \u0111\u1ebfn r\u1ee7i ro v\u00e0 hi\u1ec7u su\u1ea5t trong qu\u00e1 kh\u1ee9 kh\u00f4ng ch\u1ec9 ra k\u1ebft qu\u1ea3 trong t\u01b0\u01a1ng lai. Lu\u00f4n t\u1ef1 nghi\u00ean c\u1ee9u v\u00e0 t\u00ecm ki\u1ebfm l\u1eddi khuy\u00ean chuy\u00ean nghi\u1ec7p tr\u01b0\u1edbc khi \u0111\u01b0a ra quy\u1ebft \u0111\u1ecbnh \u0111\u1ea7u t\u01b0.<\/p>","protected":false},"excerpt":{"rendered":" Khi th\u1ebf gi\u1edbi t\u00e0i ch\u00ednh chu\u1ea9n b\u1ecb cho m\u1ed9t kho\u1ea3nh kh\u1eafc quan tr\u1ecdng kh\u00e1c, c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 th\u1ea5y m\u00ecnh \u0111ang nh\u00ecn ch\u1eb1m ch\u1eb1m v\u00e0o v\u1ef1c th\u1eb3m, hy v\u1ecdng, kh\u00f4ng c\u1ea7u nguy\u1ec7n r\u1eb1ng Ch\u1ee7 t\u1ecbch C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang Jerome Powell c\u00f3 th\u1ec3 k\u00e9o h\u1ecd tr\u1edf l\u1ea1i t\u1eeb b\u1edd v\u1ef1c. V\u1edbi n\u1ed7i s\u1ee3 l\u1ea1m ph\u00e1t \u0111\u00ecnh tr\u1ec7 \u0111ang l\u1edd m\u1edd nh\u01b0 m\u1ed9t b\u00f3ng ma kinh t\u1ebf, cu\u1ed9c h\u1ecdp b\u00e1o t\u1ed1i nay c\u00f3 th\u1ec3 x\u00e1c \u0111\u1ecbnh li\u1ec7u th\u1ecb tr\u01b0\u1eddng c\u00f3 th\u1ec3 th\u1edf ph\u00e0o nh\u1eb9 nh\u00f5m hay r\u01a1i v\u00e0o v\u00f2ng xo\u00e1y [\u2026]<\/p>","protected":false},"author":6,"featured_media":22778,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[38],"tags":[],"class_list":["post-22777","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-analysis"],"acf":[],"yoast_head":"\n