Guddoomiyaha Fed Kevin Warsh: 'Shaqo ayaa nagu hayso' oo ku saabsan sicir-barar
Kevin Warsh, oo ah Guddoomiyaha cusub ee Kaydka Dhexe ee Maraykanka, ayaa qayb ka mid ah shirkiisa Jackson Hole ku sheegay in uu ka walaacsan yahay sicir-bararka joogtada ah. Wuxuu xusay in diiradda ugu weyn saarnyahay qiimayaasha, isagoo aan si cad u dalban korodhka heerka dulsaarka.
Hadalka Warsh ee Jackson Hole
Warsh ayaa ku hadlay shir sanadle ah oo ay qabatay Kaydka Dhexe ee Wyoming, halkaas oo uu ku yiri: 'Waa inaan ku kalsoonaanaynaa in sicir-bararka asaasiga ah uu ku socdo hadafkeenna, si cad iyo xawli ku filan. Haddii kale, shaqo ayaa nagu hayso.' Hadalkani wuxuu muujinayaa go'aan xooggan oo uu ku beegsan yahay ladagaalanka sicir-bararka.
Warsh, oo xilka qaaday kaddib markii uu beddelay Jerome Powell, ayaa sheegay inuu sanadka saddexaad ku jiro doorka Guddoomiyaha Fed. Wuxuu intaa ku daray in 'hagidda hore ee siyaasadda ay tahay in la xaddido' isla markaana ay 'ka gudubtay waqtigeedii', isagoo aan faahfaahinayn qorshaha heerka dulsaarka.
Xaaladda Suuqa iyo Dhaqaalaha
Sicir-bararku wuxuu yaraaday bishii July, laakiin wuxuu kacay bilaha dhowraha sababo laxiriira korodhka qiimaha saliidda ee dhibaatada Bariga Dhexe. Qiimayaasha guud waxay ka badnaayeen bartilmaameedka 2% ee Fed in ka badan shan sano, sida ay xusay xogta.
Maalgashadayaasha suuqu waxay hadda qiyaasayaan 60% fursad ah in Fed ay kordhiso heerka amaahda bishaha soo socota, marka loo eego 35% kahor hadalkii Khamiista. Tani waxay ka turjumaysaa kalsoonida korodhay ee hadalka Warsh.
Faa'iidada iyo Culeyska Dhaqaalaha
Warsh wuxuu sheegay inuu 'ka dhawaajiyay waxqabadka guud ee dhaqaalaha, kaas oo u muuqda inuu xoogaystay.' Wuxuu tilmaamay kharashka macaamiisha oo adag iyo suuqa shaqada oo deggan, isagoo qiraaya in qaybaha guri-dhigista iyo beeraha ay 'muujinayaan culeys.'
Wuxuu kaloo xusay in in ka badan kala badh kobaca kharashka raasumaalka sanadkaan uu ku yahay dhismaha AI. Warsh wuxuu ku yiri: 'Waxaan imaadnay barta taariikhda ee albaabka,' isagoo qeexaya isbeddelka tiknoolajiyadda.
Federal Reserve Chairman Kevin Warsh delivered a forceful message at the Jackson Hole symposium, insisting the central bank must prioritize bringing inflation back to its 2% goal. In his third month as chair, Warsh stopped short of calling for an immediate rate hike but signaled that markets should expect tighter conditions ahead.
Warsh's Mandate: Prices Above All Else
Kevin Warsh, who replaced Jerome Powell as the nation's central banker, made it clear that the Fed's primary mission is to tame rising costs. Speaking at the annual Jackson Hole conference in Wyoming, he stated that the institution must be confident inflation is falling toward its target at a sufficient pace, or else there is still significant work ahead.
Warsh emphasized that the Fed's predominant focus right now should be on prices, noting that overall inflation has remained above the 2% benchmark for more than five years. He acknowledged that while prices eased slightly in July, recent spikes driven by higher oil costs from the Middle East crisis have kept the economy on a difficult path.
Markets React Sharply to Hawkish Tone
Investors responded quickly to Warsh's comments, with the probability of a rate increase next month jumping to roughly 60%, up from 35% just the day before his speech. Analyst Carl Weinberg of High Frequency Economics noted that markets now believe Warsh will tighten monetary conditions to restrain inflation and encourage the FOMC to act soon.
Warsh also addressed the practice of forward guidance, suggesting it should be limited and has overstayed its welcome. This stance contrasts with President Donald Trump's repeated calls for the Fed to cut interest rates, creating a notable tension between the central bank's priorities and the White House's expectations.
Economy Shows Strength Amid Sector Strains
Despite the inflation concerns, Warsh expressed being impressed by the overall performance of the economy, which he said appears to have strengthened. He pointed to solid consumer spending and a steady job market as key indicators of resilience, while also noting that certain sectors like housing and agriculture are showing signs of strain.
Warsh highlighted how artificial intelligence is reshaping the economy, with more than half of capital expenditure growth this year attributed to the buildout of AI. He described the current moment as a hinge point in history, reflecting the complex interplay between technological progress and persistent economic challenges.
Ilaha iyo xuquuqda sawirka
Sawir: ABC News Xigasho
