{"id":30350,"date":"2026-03-14T05:02:04","date_gmt":"2026-03-14T05:02:04","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr\/uncategorized\/wsj-federal-yargic-sorusturma-kapsaminda-fed-baskani-jerome-powelli-hedef-alan-adalet-bakanligi-celplerini-iptal-etti\/"},"modified":"2026-03-14T05:02:04","modified_gmt":"2026-03-14T05:02:04","slug":"wsj-federal-yargic-sorusturma-kapsaminda-fed-baskani-jerome-powelli-hedef-alan-adalet-bakanligi-celplerini-iptal-etti","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/wsj-federal-yargic-sorusturma-kapsaminda-fed-baskani-jerome-powelli-hedef-alan-adalet-bakanligi-celplerini-iptal-etti\/","title":{"rendered":"WSJ: Federal yarg\u0131\u00e7, soru\u015fturma kapsam\u0131nda Fed Ba\u015fkan\u0131 Jerome Powell\u2019\u0131 hedef alan Adalet Bakanl\u0131\u011f\u0131 celplerini iptal etti"},"content":{"rendered":"Wall Street Journal\u2019\u0131n haberine g\u00f6re bir federal yarg\u0131\u00e7, Adalet Bakanl\u0131\u011f\u0131\u2019n\u0131n (Justice Department) ABD Merkez Bankas\u0131 (Federal Reserve\/Fed) Ba\u015fkan\u0131 Jerome Powell\u2019a g\u00f6nderdi\u011fi iki **celbi** (mahkeme veya savc\u0131l\u0131k taraf\u0131ndan bilgi\/belge isteme emri) iptal etti. Celpler, ABD B\u00f6lge Mahkemesi (US District Court) yarg\u0131c\u0131 taraf\u0131ndan ge\u00e7ersiz say\u0131ld\u0131.\n\nABD B\u00f6lge Yarg\u0131c\u0131 James Boasberg\u2019in karar\u0131 cuma g\u00fcn\u00fc gizlili\u011fi kald\u0131r\u0131larak yay\u0131mland\u0131. Yarg\u0131\u00e7, celplerin usule uygun olmad\u0131\u011f\u0131na h\u00fckmetti.\n\n<h3>Powell\u2019a Y\u00f6nelik Celpler \u0130ptal Edildi<\/h3>\nKarar, ABD Savc\u0131s\u0131 Jeanine Pirro\u2019nun Powell hakk\u0131nda y\u00fcr\u00fctt\u00fc\u011f\u00fc ceza soru\u015fturmas\u0131n\u0131 etkiledi. Soru\u015fturmada, Powell\u2019\u0131n ge\u00e7en yaz Kongre\u2019de Fed\u2019in yenileme projesi hakk\u0131nda **yanl\u0131\u015f ifade** verip vermedi\u011fi inceleniyordu.\n\nPowell 11 Ocak\u2019ta kamuya a\u00e7\u0131k bir a\u00e7\u0131klama yapt\u0131. Soru\u015fturman\u0131n, Fed\u2019e faiz indirmesi i\u00e7in bask\u0131 kurmak ve kurumun **ba\u011f\u0131ms\u0131zl\u0131\u011f\u0131n\u0131** (siyasi etkiden uzak karar alabilme) zay\u0131flatmak amac\u0131yla bir bahane olarak kullan\u0131ld\u0131\u011f\u0131n\u0131 s\u00f6yledi.\n\nYarg\u0131c\u0131n Fed Ba\u015fkan\u0131\u2019na y\u00f6nelik celpleri iptal etmesi piyasalar a\u00e7\u0131s\u0131ndan \u00f6nemli bir geli\u015fme. Bu karar, ge\u00e7en yazdan beri piyasalar\u0131n \u00fczerinde duran siyasi belirsizli\u011fi azalt\u0131yor. \u00d6n\u00fcm\u00fczdeki haftalarda **\u00f6rt\u00fck oynakl\u0131\u011f\u0131n** (opsiyon fiyatlar\u0131ndan \u00e7\u0131kar\u0131lan \u201cbeklenen dalgalanma\u201d) gerilemesi beklenebilir; nitekim **VIX endeksi** (ABD hisse piyasas\u0131 oynakl\u0131k g\u00f6stergesi) haber sonras\u0131 yakla\u015f\u0131k 19\u2019dan 16\u2019n\u0131n alt\u0131na indi.\n\nKarar, faiz beklentilerini de do\u011frudan etkiliyor; \u00e7\u00fcnk\u00fc siyasetin zorlamas\u0131yla \u201cmecburi faiz indirimi\u201d ihtimali zay\u0131flad\u0131. **CME FedWatch Tool** (vadeli i\u015flemler fiyatlar\u0131ndan Fed\u2019in olas\u0131 faiz kararlar\u0131na dair olas\u0131l\u0131k hesaplayan ara\u00e7) verilerine g\u00f6re piyasa, nisan ay\u0131nda faiz indirimi olas\u0131l\u0131\u011f\u0131n\u0131 yakla\u015f\u0131k %40\u2019tan %15\u2019e \u00e7ekti. Bu, Fed\u2019in yeniden **veriye ba\u011fl\u0131** (enflasyon, istihdam gibi g\u00f6stergelere g\u00f6re) duru\u015funu koruyaca\u011f\u0131 beklentisine i\u015faret ediyor.\n\n<h3>Faizler ve Dolar A\u00e7\u0131s\u0131ndan Piyasa Etkileri<\/h3>\nBu tablo, son enflasyon verisi dikkate al\u0131nd\u0131\u011f\u0131nda daha da \u00f6nemli. \u015eubat ay\u0131 **T\u00fcketici Fiyat Endeksi (T\u00dcFE\/CPI)** y\u0131ll\u0131k %3,1 ile y\u00fcksek seyrini s\u00fcrd\u00fcrd\u00fc. Ba\u011f\u0131ms\u0131z bir Fed, d\u0131\u015f bask\u0131lara g\u00f6re de\u011fil enflasyonla m\u00fccadele hedefiyle faizi sabit tutmaya daha yatk\u0131n olur. Yat\u0131r\u0131mc\u0131lar\u0131n **faiz vadeli i\u015flemleri** (ilerideki faiz seviyesine g\u00f6re fiyatlanan kontratlar) ve **opsiyon** (belirli fiyattan al\u0131m\/sat\u0131m hakk\u0131 veren s\u00f6zle\u015fme) pozisyonlar\u0131n\u0131 daha \u201c\u015fahin\u201d (faizi y\u00fcksek tutmaya e\u011filimli) ya da en az\u0131ndan daha az \u201cg\u00fcvercin\u201d (faiz indirimine e\u011filimli) bir patikaya g\u00f6re g\u00f6zden ge\u00e7irmesi gerekebilir.\n\n2018-2019 d\u00f6nemindeki piyasa dalgalanmas\u0131 hat\u0131rlanabilir; o d\u00f6nemde Fed \u00fczerindeki benzer siyasi bask\u0131lar oynakl\u0131k art\u0131\u015f\u0131na yol a\u00e7m\u0131\u015ft\u0131. Powell lehine bu hukuki sonu\u00e7, o d\u00f6neme k\u0131yasla daha istikrarl\u0131 bir politika ortam\u0131na i\u015faret ediyor. Bu istikrar, uzun vadeli planlamay\u0131 kolayla\u015ft\u0131rabilir ve k\u0131sa vadeli **korunma (hedge)** ihtiyac\u0131n\u0131n maliyetini azaltabilir.\n\nFed\u2019in ba\u011f\u0131ms\u0131zl\u0131\u011f\u0131n\u0131n g\u00fc\u00e7lenmesiyle ABD dolar\u0131n\u0131n daha sa\u011flam bir zemine oturmas\u0131 beklenebilir. \u0130\u00e7 enflasyonu kontrol etmeye odaklanan bir Fed, genellikle daha g\u00fc\u00e7l\u00fc bir para birimini destekler. Bu nedenle k\u0131sa vadede belirgin dolar zay\u0131fl\u0131\u011f\u0131na oynayan pozisyonlar\u0131n yeniden de\u011ferlendirilmesi gerekebilir.\n\n<b><a href=\"https:\/\/www.vtmarkets.com\/trade-now\/\">Canl\u0131 VT Markets hesab\u0131n\u0131z\u0131 olu\u015fturun<\/a>\u00a0ve\u00a0<a href=\"https:\/\/myaccount.vtmarkets.com\/login\">hemen i\u015flem yapmaya ba\u015flay\u0131n<\/a>. <\/b>\n<p>\n\n<p><strong>Hemen i\u015flem yapmaya ba\u015flay\u0131n &#8211; Ger\u00e7ek VT Markets hesab\u0131n\u0131z\u0131 olu\u015fturmak i\u00e7in <a href=\"https:\/\/www.vtmarkets.com\/tr\/trade-now\/\">buraya<\/a> t\u0131klay\u0131n <\/strong> <\/p>\n<!-- \/wp:post-content -->","protected":false},"excerpt":{"rendered":"<p>S\u00fcrpriz karar: Federal yarg\u0131\u00e7, Adalet Bakanl\u0131\u011f\u0131\u2019n\u0131n Powell\u2019a g\u00f6nderdi\u011fi iki celbi iptal etti. Siyasi belirsizlik azal\u0131rken VIX geriledi; \u201cmecburi faiz indirimi\u201d fiyatlamas\u0131 d\u00fc\u015ft\u00fc, dolar beklentisi g\u00fc\u00e7lendi.<\/p>\n","protected":false},"author":87,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-30350","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/30350","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/users\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/comments?post=30350"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/30350\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=30350"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=30350"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=30350"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}