{"id":403,"date":"2026-06-15T07:09:19","date_gmt":"2026-06-14T23:09:19","guid":{"rendered":"https:\/\/hkfinpost.com\/2026\/06\/15\/%e8%b6%85%e7%b4%9a%e5%a4%ae%e8%a1%8c%e5%91%a8%e4%be%86%e8%a5%b2%ef%bc%8c%e5%b8%82%e5%a0%b4%e8%81%9a%e7%84%a6%e8%81%af%e5%84%b2%e5%b1%80%e6%96%b0%e4%b8%bb%e5%b8%ad%e9%a6%96%e7%a7%80\/"},"modified":"2026-06-15T07:09:19","modified_gmt":"2026-06-14T23:09:19","slug":"%e8%b6%85%e7%b4%9a%e5%a4%ae%e8%a1%8c%e5%91%a8%e4%be%86%e8%a5%b2%ef%bc%8c%e5%b8%82%e5%a0%b4%e8%81%9a%e7%84%a6%e8%81%af%e5%84%b2%e5%b1%80%e6%96%b0%e4%b8%bb%e5%b8%ad%e9%a6%96%e7%a7%80","status":"publish","type":"post","link":"https:\/\/hkfinpost.com\/?p=403","title":{"rendered":"\u8d85\u7d1a\u592e\u884c\u5468\u4f86\u8972\uff0c\u5e02\u5834\u805a\u7126\u806f\u5132\u5c40\u65b0\u4e3b\u5e2d\u9996\u79c0"},"content":{"rendered":"

\u5168\u7403\u91d1\u878d\u5e02\u5834\u5373\u5c07\u8fce\u4f86\u4eca\u5e74\u6700\u70ba\u95dc\u9375\u7684\u300c\u8d85\u7d1a\u592e\u884c\u5468\u300d\u3002\u5728\u77ed\u77ed\u5e7e\u5929\u5167\uff0c\u5305\u62ec\u7f8e\u570b\u806f\u5132\u5c40\u3001\u65e5\u672c\u592e\u884c\u3001\u82f1\u570b\u592e\u884c\u53ca\u745e\u58eb\u592e\u884c\u5728\u5167\u7684\u591a\u5bb6\u4e3b\u8981\u592e\u884c\u5c07\u9678\u7e8c\u516c\u4f48\u6700\u65b0\u7684\u5229\u7387\u6c7a\u8b70\u3002\u9019\u5bc6\u96c6\u7684\u653f\u7b56\u5ba3\u4f48\u5c07\u5c0d\u5168\u7403\u8cc7\u91d1\u6d41\u5411\u3001\u532f\u7387\u8d70\u52e2\u53ca\u8cc7\u7522\u5b9a\u50f9\u7522\u751f\u6df1\u9060\u7684\u5f71\u97ff\uff0c\u6295\u8cc7\u8005\u6b63\u56b4\u9663\u4ee5\u5f85\u3002<\/p>\n

\u806f\u5132\u5c40\u65b0\u4e3b\u5e2d\u4e0a\u4efb\uff0c\u8ca8\u5e63\u653f\u7b56\u8def\u5f91\u6210\u7126\u9ede<\/h2>\n

\u672c\u9031\u6700\u53d7\u77da\u76ee\u7684\u7121\u7591\u662f\u7f8e\u570b\u806f\u5132\u5c40\u7684\u8b70\u606f\u6703\u8b70\u3002\u9019\u5c07\u662f\u65b0\u4efb\u4e3b\u5e2d Kevin Warsh \u4e0a\u4efb\u5f8c\u7684\u9996\u6b21\u653f\u7b56\u6703\u8b70\u3002\u5e02\u5834\u666e\u904d\u9810\u671f\u806f\u5132\u5c40\u5c07\u7dad\u6301\u5229\u7387\u4e0d\u8b8a\uff0c\u4f46\u7126\u9ede\u5c07\u96c6\u4e2d\u5728\u6703\u5f8c\u516c\u4f48\u7684\u300c\u9ede\u9663\u5716\u300d\uff08Dot Plot\uff09\u53ca\u4e3b\u5e2d\u7684\u8b1b\u8a71\u4e0a\u3002\u6295\u8cc7\u8005\u6e34\u671b\u5f9e\u4e2d\u5c0b\u627e\u6709\u95dc\u672a\u4f86\u964d\u606f\u6642\u9593\u8868\u53ca\u7e2e\u8868\u6b65\u4f10\u7684\u86db\u7d72\u99ac\u8de1\u3002Warsh \u662f\u5426\u6703\u5ef6\u7e8c\u524d\u4efb\u7684\u653f\u7b56\u57fa\u8abf\uff0c\u6291\u6216\u5c55\u73fe\u51fa\u66f4\u70ba\u9df9\u6d3e\u6216\u9d3f\u6d3e\u7684\u7acb\u5834\uff0c\u5c07\u76f4\u63a5\u5de6\u53f3\u7f8e\u5143\u53ca\u7f8e\u80a1\u7684\u77ed\u671f\u8d70\u52e2\u3002<\/p>\n

\u5168\u7403\u592e\u884c\u6b65\u8abf\u5206\u5316\uff0c\u589e\u52a0\u5e02\u5834\u6ce2\u52d5\u6027<\/h2>\n

\u9664\u4e86\u806f\u5132\u5c40\u5916\uff0c\u5176\u4ed6\u592e\u884c\u7684\u52d5\u5411\u540c\u6a23\u5f15\u4eba\u95dc\u6ce8\u3002\u65e5\u672c\u592e\u884c\u5728\u9762\u81e8\u65e5\u5713\u6301\u7e8c\u8cb6\u503c\u53ca\u901a\u8139\u56de\u5347\u7684\u58d3\u529b\u4e0b\uff0c\u5e02\u5834\u9810\u671f\u5176\u53ef\u80fd\u63a1\u53d6\u9032\u4e00\u6b65\u7684\u7dca\u7e2e\u63aa\u65bd\uff0c\u9019\u5c07\u5c0d\u5168\u7403\u5957\u606f\u4ea4\u6613\uff08Carry Trade\uff09\u7522\u751f\u91cd\u5927\u5f71\u97ff\u3002\u53e6\u4e00\u65b9\u9762\uff0c\u82f1\u570b\u592e\u884c\u5728\u9762\u5c0d\u7d93\u6fdf\u589e\u9577\u653e\u7de9\u7684\u6311\u6230\u6642\uff0c\u5176\u653f\u7b56\u9078\u64c7\u5c07\u66f4\u70ba\u8271\u96e3\u3002\u5168\u7403\u592e\u884c\u5728\u8ca8\u5e63\u653f\u7b56\u4e0a\u7684\u5206\u5316\uff0c\u5c07\u4e0d\u53ef\u907f\u514d\u5730\u589e\u52a0\u5916\u532f\u5e02\u5834\u53ca\u8de8\u570b\u8cc7\u7522\u7684\u6ce2\u52d5\u6027\uff0c\u6295\u8cc7\u8005\u9700\u505a\u597d\u5145\u5206\u7684\u98a8\u96aa\u7ba1\u7406\u6e96\u5099\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"

\u5168\u7403\u91d1\u878d\u5e02\u5834\u5373\u5c07\u8fce\u4f86\u4eca\u5e74\u6700\u70ba\u95dc\u9375\u7684\u300c\u8d85\u7d1a\u592e\u884c\u5468\u300d\u3002\u5728\u77ed\u77ed\u5e7e\u5929\u5167\uff0c\u5305\u62ec\u7f8e\u570b\u806f\u5132\u5c40\u3001\u65e5\u672c\u592e\u884c\u3001\u82f1\u570b\u592e\u884c\u53ca\u745e\u58eb\u592e\u884c\u5728 […]<\/p>\n","protected":false},"author":1,"featured_media":402,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[],"class_list":["post-403","post","type-post","status-publish","format-standard","has-post-thumbnail","category-30"],"_links":{"self":[{"href":"https:\/\/hkfinpost.com\/index.php?rest_route=\/wp\/v2\/posts\/403","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hkfinpost.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hkfinpost.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hkfinpost.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hkfinpost.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=403"}],"version-history":[{"count":0,"href":"https:\/\/hkfinpost.com\/index.php?rest_route=\/wp\/v2\/posts\/403\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hkfinpost.com\/index.php?rest_route=\/wp\/v2\/media\/402"}],"wp:attachment":[{"href":"https:\/\/hkfinpost.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=403"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hkfinpost.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=403"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hkfinpost.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=403"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}