The Business Times
business-time-50
SUBSCRIBERS

Kevin Warsh主导的美联储制度变革并非坦途

当前正在酝酿的变革，将使银行业重回2008年前盛行的“稀缺”国库时代

google-preferred-sourceAdd BT as a preferred source
    • Warsh长期以来主张，美联储应大幅缩减其因多年购买债券而膨胀至6.7万亿美元的资产负债表。
    • Warsh长期以来主张，美联储应大幅缩减其因多年购买债券而膨胀至6.7万亿美元的资产负债表。 图片来源：彭博社

    Paul J Davies

    Published Wed, Jun 3, 2026 · 07:00 AM

    本文由AI辅助翻译

    查看原文

    美国联邦储备委员会新任主席Kevin Warsh长期以来主张，央行应大幅缩减其因多年购买债券而膨胀至6.7万亿美元的资产负债表。如今，他拥有两位强有力的盟友：财政部长Scott Bessent和负责监管事务的美联储副主席Michelle Bowman。

    这三人有三个相关联的目标：让美联储从对市场的深度介入中抽身；恢复利率作为货币政策的明确调控工具；以及改变银行的流动性规则，从而使其能够增加放贷，而不是持有大量闲置现金。

    但这其中存在一个问题。尽管前两个目标依赖于第三个，但任何大幅缩减美联储资产负债表的尝试，都将耗尽国库，而这部分国库正是Bessent和Bowman认为银行应该用于放贷的现金。

    此翻译对您是否有帮助？

    Kevin WarshUS Federal Reserve

    TRENDING NOW

    Siranudh Scott had caused an internet sensation with a video accusing his brother of allegedly abusing him during his childhood years.

    ‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse

    Assets under management of physical gold holdings in DBS wealth clients’ portfolios more than doubled over the past three years.

    DBS to launch tokenised physical gold for retail customers in Singapore

    As with past tranches, the S$500 will be split equally between participating heartland merchants and hawkers, and participating supermarkets.

    S$500 CDC vouchers for all Singaporean households from June 11; Government ready to do more if needed: DPM Gan

    MenToo’s launch at Timbre+ One North brought together 12 men’s groups to discuss men’s mental health and masculinity in Singapore.

    Singapore men, are you OK?

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More