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\u806f\u5132\u5c40\u6599\u5c07\u806f\u90a6\u57fa\u91d1\u5229\u7387\u7dad\u6301\u57283.50%\u81f33.75%\u4e0d\u8b8a\uff0c\u4e3b\u5e2d\u9b91\u5a01\u723e\uff08Jerome Powell\uff09\u5c07\u4e3b\u6301\u5176\u4efb\u5167\u6700\u5f8c\u4e00\u6b21\u8a18\u8005\u6703\u3002\u5e02\u5834\u7126\u9ede\u96c6\u4e2d\u5728\u51f1\u6587\u30fb\u6c83\u4ec0\uff08Kevin Warsh\uff09\u7684\u653f\u7b56\u53d6\u5411\uff0c\u5305\u62ec\u95dc\u6ce8\u300c\u4fee\u526a\u5747\u503c\u901a\u8139\u300d\uff08trimmed-mean inflation\uff0c\u5373\u628a\u5347\u5e45\u6216\u8dcc\u5e45\u6700\u6975\u7aef\u7684\u50f9\u683c\u9805\u76ee\u5254\u9664\u5f8c\uff0c\u518d\u8a08\u7b97\u7684\u901a\u8139\u6307\u6a19\uff0c\u7528\u4ee5\u6e1b\u5c11\u77ed\u671f\u6ce2\u52d5\u5e72\u64fe\uff09\uff0c\u4ee5\u53ca\u4eba\u5de5\u667a\u80fd\uff08AI\uff09\u5e36\u4f86\u7684\u751f\u7522\u529b\u63d0\u5347\u3002<\/p>\n

4\u670824\u65e5\uff0c\u7f8e\u570b\u53f8\u6cd5\u90e8\u64a4\u56de\u5c0d\u806f\u5132\u5c40\u5927\u6a13\u7ffb\u65b0\u5de5\u7a0b\u7684\u8abf\u67e5\u3002\u5176\u5f8c\uff0c\u5171\u548c\u9ee8\u53c3\u8b70\u54e1\u8482\u5229\u65af\uff08Thom Tillis\uff09\u65bc4\u670826\u65e5\u7531\u53cd\u5c0d\u8f49\u70ba\u652f\u6301\u6c83\u4ec0\uff0c\u9019\u5c07\u5f71\u97ff\u9b91\u5a01\u723e\u662f\u5426\u9078\u64c7\u7559\u4efb\u7406\u4e8b\uff08Governor\uff09\u81f32028\u5e741\u6708\u7684\u6c7a\u5b9a\u3002<\/p>\n

\u653f\u7b56\u6846\u67b6\u8f49\u5411<\/h3>\n

\u6c83\u4ec0\u5efa\u8b70\u628a\u653f\u7b56\u91cd\u5fc3\u7531\u300c\u6838\u5fc3PCE\u901a\u8139\u300d\uff08core PCE inflation\uff0c\u5373\u500b\u4eba\u6d88\u8cbb\u958b\u652f\u7269\u50f9\u6307\u6578PCE\u4e2d\u5254\u9664\u98df\u54c1\u53ca\u80fd\u6e90\u7b49\u6ce2\u52d5\u8f03\u5927\u9805\u76ee\u5f8c\u7684\u901a\u8139\uff09\u8f49\u5411\u300c\u4fee\u526a\u5747\u503c\u901a\u8139\u300d\u3002\u4ed6\u540c\u6642\u5f37\u8abfAI\u63d0\u5347\u751f\u7522\u529b\uff0c\u4e26\u63d0\u51fa\u300c\u5169\u7aef\u7b56\u7565\u300d\uff08barbell approach\uff0c\u5373\u4e00\u65b9\u9762\u8abf\u4f4e\u5229\u7387\uff0c\u53e6\u4e00\u65b9\u9762\u6536\u7e2e\u8cc7\u7522\u8ca0\u50b5\u8868\uff09\u3002\u5728\u6b64\u8ad6\u8ff0\u4e0b\uff0c\u8207\u6230\u722d\u76f8\u95dc\u7684\u80fd\u6e90\u50f9\u683c\u98a8\u96aa\u88ab\u8996\u70ba\u5c0d\u653f\u7b56\u524d\u666f\u7684\u91cd\u8981\u6027\u4e0b\u964d\u3002<\/p>\n

\u8a72\u69cb\u60f3\u88ab\u62ff\u4f86\u82071990\u5e74\u4ee3\u683c\u6797\u65af\u6f58\uff08Alan Greenspan\uff09\u6642\u671f\u4f5c\u6bd4\u8f03\uff1a\u7576\u5e74\u653f\u7b56\u66f4\u91cd\u8996\u300c\u6838\u5fc3PCE\u5e73\u6e1b\u6307\u6578\u300d\uff08Core PCE deflator\uff0c\u5373\u4ee5PCE\u8a08\u7b97\u4e26\u7528\u4f86\u53cd\u6620\u50f9\u683c\u8b8a\u5316\u7684\u6307\u6a19\uff1b\u4e00\u822c\u8f03CPI\u4f4e\uff09\uff0c\u914d\u5408\u751f\u7522\u529b\u4e0a\u5347\uff0c\u652f\u6301\u8f03\u5bec\u9b06\u7684\u653f\u7b56\u7acb\u5834\u3002\u6587\u7ae0\u4ea6\u6307\uff0c\u82e5\u6578\u64da\u6307\u5411\u539f\u6cb9\u4f9b\u61c9\u904e\u5269\uff08oil supply glut\uff0c\u5373\u4f9b\u61c9\u660e\u986f\u591a\u65bc\u9700\u6c42\uff0c\u4ee4\u6cb9\u50f9\u53d7\u58d3\uff09\uff0c\u7f8e\u5143\u53ef\u80fd\u5931\u53bb\u300c\u907f\u96aa\u6ea2\u50f9\u300d\uff08haven premium\uff0c\u5373\u8cc7\u91d1\u56e0\u907f\u96aa\u800c\u984d\u5916\u8cb7\u5165\u7f8e\u5143\u6240\u5e36\u4f86\u7684\u652f\u6490\uff09\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"

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