{"id":67791,"date":"2026-01-31T13:26:00","date_gmt":"2026-01-31T11:26:00","guid":{"rendered":"https:\/\/economic.karpat.in.ua\/?p=67791"},"modified":"2026-01-31T05:29:19","modified_gmt":"2026-01-31T03:29:19","slug":"trump-bejelentette-korabbi-valsagbankar-a-fed-uj-elnoke","status":"publish","type":"post","link":"https:\/\/economic.karpat.in.ua\/?p=67791&lang=hu","title":{"rendered":"Trump bejelentette: kor\u00e1bbi v\u00e1ls\u00e1gbank\u00e1r a Fed \u00faj eln\u00f6ke"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>Donald Trump a Truth Social fel\u00fclet\u00e9n megjelent bejegyz\u00e9s\u00e9ben jelentette be: Kevin Warsht jel\u00f6li a Fed eln\u00f6k\u00e9nek.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u00d6r\u00f6mmel jelentem be, hogy Kevin Warsht jel\u00f6l\u00f6m a Fed korm\u00e1nyz\u00f3tan\u00e1cs\u00e1nak eln\u00f6k\u00e9nek &#8211; k\u00f6z\u00f6lte az amerikai eln\u00f6k. Trump eml\u00e9keztet arra is, hogy Kevin Warsh 35 \u00e9vesen a Fed Korm\u00e1nyz\u00f3tan\u00e1cs\u00e1nak minden id\u0151k legfiatalabb tagja lett, 2006 \u00e9s 2011 k\u00f6z\u00f6tt.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/economic.karpat.in.ua\/wp-content\/uploads\/2026\/01\/kevin-warsch-fed-elnok-803498-1024x576.jpg\" alt=\"\" class=\"wp-image-67792\" srcset=\"https:\/\/economic.karpat.in.ua\/wp-content\/uploads\/2026\/01\/kevin-warsch-fed-elnok-803498-1024x576.jpg 1024w, https:\/\/economic.karpat.in.ua\/wp-content\/uploads\/2026\/01\/kevin-warsch-fed-elnok-803498-300x169.jpg 300w, https:\/\/economic.karpat.in.ua\/wp-content\/uploads\/2026\/01\/kevin-warsch-fed-elnok-803498-768x432.jpg 768w, https:\/\/economic.karpat.in.ua\/wp-content\/uploads\/2026\/01\/kevin-warsch-fed-elnok-803498-1536x864.jpg 1536w, https:\/\/economic.karpat.in.ua\/wp-content\/uploads\/2026\/01\/kevin-warsch-fed-elnok-803498.jpg 1920w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n<\/div>\n\n\n<p class=\"wp-block-paragraph\">A piaci szerepl\u0151k r\u00e9g\u00f3ta nagy figyelemmel k\u00f6vetik, hogy kit jel\u00f6l Trump az amerikai monet\u00e1ris politika \u00e9l\u00e9re, miut\u00e1n a jelenlegi Fed-eln\u00f6k Jerome Powell mand\u00e1tuma id\u00e9n m\u00e1jusban lej\u00e1r.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">R\u00e9g\u00f3ta ismerem Kevint, \u00e9s biztos vagyok abban, hogy a nagy Fed-eln\u00f6k\u00f6k egyikek\u00e9nt, tal\u00e1n a legjobbk\u00e9nt fogj\u00e1k sz\u00e1mon tartani \u2013 \u00edrta Trump r\u00f3la. A jel\u00f6ltet a Szen\u00e1tusnak is meg kell m\u00e9g szavaznia.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Trump jel\u00f6l\u00e9sr\u0151l sz\u00f3l\u00f3 bejelent\u00e9se ezzel egy h\u00f3napokig tart\u00f3 folyamatot z\u00e1r le, amely gyakran egy nyilv\u00e1nos meghallgat\u00e1sra hasonl\u00edtott, mivel Warsh, Kevin Hassett, a Feh\u00e9r H\u00e1z gazdas\u00e1gi tan\u00e1csad\u00f3ja \u00e9s m\u00e1s f\u0151 jel\u00f6ltek \u2013 k\u00f6zt\u00fck Christopher Waller, \u00e9s Rick Rieder, \u2013 rendszeresen megjelentek a telev\u00edzi\u00f3ban, hogy bemutass\u00e1k referenci\u00e1ikat \u00e9s bemutass\u00e1k gondolataikat a gazdas\u00e1gr\u00f3l \u00e9s a Fed politik\u00e1j\u00e1r\u00f3l.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Ki is Kevin Warsh?<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Kevin Warsh nem tipikus akad\u00e9mikus k\u00f6zgazd\u00e1sz, mint Bernanke vagy Yellen volt. A nagy el\u0151d\u00f6kkel ellent\u00e9tben, \u0151 nem akad\u00e9mikus, hanem gyakorl\u00f3 k\u00f6zgazd\u00e1sz, aki a piac \u00e9s a politika metszet\u00e9ben \u00e9l &#8211; \u00edrtuk r\u00f3la reggeli cikk\u00fcnkben.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A Harvard jogi diplom\u00e1ja ut\u00e1n a Morgan Stanley \u00f6sszeolvad\u00e1sokkal \u00e9s felv\u00e1s\u00e1rl\u00e1sokkal (M&amp;A) foglalkoz\u00f3 oszt\u00e1ly\u00e1n edz\u0151d\u00f6tt, majd George W. Bush gazdas\u00e1gi tan\u00e1csad\u00f3ja lett.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Szerepe a 2008-as v\u00e1ls\u00e1g alatt kritikus volt. Mivel \u00e9rtette a bankrendszer bugyrainak a m\u0171k\u00f6d\u00e9s\u00e9t (monetary plumbing), \u0151 lett a Fed \u00f6sszek\u00f6t\u0151je a Wall Street fel\u00e9 a p\u00e1nik legs\u00f6t\u00e9tebb \u00f3r\u00e1iban. Ben Bernanke akkori Fed-eln\u00f6k jobbkezek\u00e9nt tartott\u00e1k sz\u00e1mon.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Warsh n\u00e9zetei mark\u00e1nsan elt\u00e9rnek az elm\u00falt \u00e9vtized k\u00f6nny\u0171 konszenzus\u00e1t\u00f3l. Ha egy sz\u00f3val kellene jellemezni: Szab\u00e1lyk\u00f6vet\u0151 H\u00e9ja (Rule-Based Hawk), de egy csavarral. A legnagyobb kritikusa a mennyis\u00e9gi laz\u00edt\u00e1snak (quantitative easing), szerinte a Fed hatalmasra duzzadt m\u00e9rlege torz\u00edtja az eszk\u00f6z\u00e1rakat, \u201ep\u00e9nz\u00fcgyi elnyom\u00e1st\u201d (financial repression) okoz, \u00e9s a Wall Streetet a Fed f\u00fcgg\u0151j\u00e9v\u00e9 tette. Az \u0151 olvasat\u00e1ban a QE nem gy\u00f3gyszer, hanem drog. Szerinte a Fednek nem kellene kl\u00edmav\u00e1ltoz\u00e1ssal vagy t\u00e1rsadalmi m\u00e9rn\u00f6k\u00f6sk\u00f6d\u00e9ssel foglalkoznia. A c\u00e9l az \u00e1rstabilit\u00e1s \u00e9s a p\u00e9nz\u00fcgyi rendszer stabilit\u00e1sa. Ez a \u201emaradj a s\u00e1vodban\u201d (stay in your lane) filoz\u00f3fia. Warsh egyik leg\u00e9rdekesebb gondolata, egy \u00faj \u201eegyezs\u00e9g\u201d (Accord) lehet\u0151s\u00e9ge a P\u00e9nz\u00fcgyminiszt\u00e9riummal. Ennek l\u00e9nyege, hogy a Fed agressz\u00edven cs\u00f6kkenti a m\u00e9rleg\u00e9t (QT), cser\u00e9be alacsonyabb kamatokat tarthat fent.<\/p>\n\n\n\n<p class=\"has-text-align-right wp-block-paragraph\"><strong><a href=\"https:\/\/www.vg.hu\/penz-es-tokepiac\/2026\/01\/fed-elnoke-kevin-warsh-donald-trump-bejelentette?utm_source=hirstart&amp;utm_medium=referral&amp;utm_campaign=hiraggregator\" target=\"_blank\" rel=\"noreferrer noopener\">(vg.hu)<\/a><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Donald Trump a Truth Social fel\u00fclet\u00e9n megjelent bejegyz\u00e9s\u00e9ben jelentette be: Kevin Warsht jel\u00f6li a Fed eln\u00f6k\u00e9nek.<\/p>\n","protected":false},"author":12,"featured_media":67792,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[41,11,39],"tags":[27687,1499330,4155],"class_list":["post-67791","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cikkek","category-kiemelt-tema","category-vilag","tag-fed","tag-kevin-warsh","tag-kinevezes"],"_links":{"self":[{"href":"https:\/\/economic.karpat.in.ua\/index.php?rest_route=\/wp\/v2\/posts\/67791","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/economic.karpat.in.ua\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/economic.karpat.in.ua\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/economic.karpat.in.ua\/index.php?rest_route=\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/economic.karpat.in.ua\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=67791"}],"version-history":[{"count":1,"href":"https:\/\/economic.karpat.in.ua\/index.php?rest_route=\/wp\/v2\/posts\/67791\/revisions"}],"predecessor-version":[{"id":67793,"href":"https:\/\/economic.karpat.in.ua\/index.php?rest_route=\/wp\/v2\/posts\/67791\/revisions\/67793"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/economic.karpat.in.ua\/index.php?rest_route=\/wp\/v2\/media\/67792"}],"wp:attachment":[{"href":"https:\/\/economic.karpat.in.ua\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=67791"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/economic.karpat.in.ua\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=67791"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/economic.karpat.in.ua\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=67791"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}