<p>华盛顿，5 月 18 日（路透社）- 白宫官员周一表示，凯文·沃什将于周五由总统唐纳德·特朗普宣誓就任美国联邦储备委员会主席，标志着这位 56 岁律师和金融家在中央银行掌舵的过程结束，此时美联储正面临日益加剧的通货膨胀，这可能使特朗普迫切希望的降息变得困难。</p>
<p>沃什接替杰罗姆·鲍威尔，后者的美联储主席任期于周五正式结束，尽管他计划继续担任理事会成员，直到他对特朗普政府对他的刑事调查完全结束感到满意。鲍威尔于周五宣誓就任临时主席，以填补沃什正式就任前的领导空缺。</p>
<p>针对鲍威尔的调查，主要集中在美联储华盛顿总部大楼装修的成本超支问题，这一问题曾一度成为沃什在参议院确认过程中的障碍。然而，该调查已得到一位反对的共和党参议员的满意解决，整个参议院于 5 月 13 日以几乎党派一致的投票确认了沃什。</p>
<p>沃什曾在全球金融危机时期担任美联储理事，此时他重返美联储正值美国货币政策制定的困难时刻。年化通货膨胀率远高于美联储 2% 的目标，并且可能继续上升，这在很大程度上是由于赋予他这一职位的总统的政策选择。</p>
<p>特朗普在其执政的第一年内实施的关税推高了广泛进口商品的价格，而今年特朗普决定与伊朗开战引发了全球能源价格冲击，最近的数据表明，这正在推动越来越多商品和服务的价格上涨。</p>
<p>关税的影响本身曾是许多美联储政策制定者，包括鲍威尔，愿意视为一次性价格上涨而非持续性通货膨胀的因素，这可能使中央银行能够恢复早些时候暂停的降息。</p>
<p>但伊朗战争引发的能源价格冲击的连锁反应加深了越来越多美联储政策制定者的通货膨胀担忧，沃什现在必须领导这些政策制定者，并与他们努力形成对利率政策方向的共识。</p>
<p>上周末，通货膨胀的意外高读数导致债券市场动荡。周五，美国国债收益率大幅上升，因为投资者重新调整了对他们现在认为的持续通货膨胀和可能的美联储加息的预期，可能最早在 12 月开始。</p>
<p>沃什的第一次利率决策会议将在 6 月中旬举行，他可能会面临越来越多的鹰派政策制定者的压力，他们主张美联储明确转变立场，以防范通货膨胀。利率期货市场几乎将 6 月会议上美联储当前政策利率（3.50% 至 3.75%）不变的概率视为零。</p>
<p>（华盛顿报道：丹·伯恩斯，史蒂夫·霍兰，贾斯珀·沃德和达芙妮·普萨莱达基斯；编辑：米歇尔·尼科尔斯和罗莎尔巴·奥布莱恩）</p>

标普 500 指数

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道琼斯交通指数

纳斯达克综合指数

纳斯达克 100 指数

纳斯达克 100 科技市值加权指数

道琼斯指数

道琼斯美国指数

标普 500 波动率指数

<p>凯文·沃什将于周五由特朗普总统宣誓就任美国联邦储备委员会主席，接替杰罗姆·鲍威尔。沃什的确认因涉及鲍威尔的刑事调查而面临延迟。他在通货膨胀上升的背景下接任，受到特朗普关税和地缘政治紧张局势的影响。沃什的第一次利率决策会议将在 6 月中旬举行，届时他可能会面临对货币政策采取更鹰派立场的压力，因为通货膨胀的担忧加剧</p>

<p>WASHINGTON, May 18 (Reuters) - Kevin Warsh will be sworn in as U.S. Federal Reserve chief on Friday by President Donald Trump, a White House official said on Monday, capping off the process of installing the 56-year-old lawyer and financier at the helm of the central bank as it grapples with intensifying inflation that may make it hard to push through the interest-rate cuts Trump so deeply desires.</p>
<div class="lb-trans"><p>华盛顿，5 月 18 日（路透社）- 白宫官员周一表示，凯文·沃什将于周五由总统唐纳德·特朗普宣誓就任美国联邦储备委员会主席，标志着这位 56 岁律师和金融家在中央银行掌舵的过程结束，此时美联储正面临日益加剧的通货膨胀，这可能使特朗普迫切希望的降息变得困难。</p>
</div><p>Warsh is succeeding Jerome Powell, whose eight-year run as Fed leader formally expired on Friday, although he plans to remain as a Board of Governors member until he is satisfied that a Trump administration criminal probe of him is fully wound down. Powell was sworn in as chair pro tempore on Friday to bridge the leadership gap until Warsh is formally installed.</p>
<div class="lb-trans"><p>沃什接替杰罗姆·鲍威尔，后者的美联储主席任期于周五正式结束，尽管他计划继续担任理事会成员，直到他对特朗普政府对他的刑事调查完全结束感到满意。鲍威尔于周五宣誓就任临时主席，以填补沃什正式就任前的领导空缺。</p>
</div><p>The investigation into Powell centering on cost overruns for building renovations at the Fed's Washington headquarters complex became an obstacle for a time to Warsh's confirmation by the Senate. The probe was settled to the satisfaction of an objecting Republican senator, however, and the full Senate confirmed Warsh on an almost-party-line vote on May 13.</p>
<div class="lb-trans"><p>针对鲍威尔的调查，主要集中在美联储华盛顿总部大楼装修的成本超支问题，这一问题曾一度成为沃什在参议院确认过程中的障碍。然而，该调查已得到一位反对的共和党参议员的满意解决，整个参议院于 5 月 13 日以几乎党派一致的投票确认了沃什。</p>
</div><p>Warsh, who served as a Fed governor through the global financial crisis era, returns at a difficult moment for U.S. monetary policymaking. Annualized inflation is running well above the Fed's 2% target and likely to keep rising, largely because of policy choices by the president who gave him the job.</p>
<div class="lb-trans"><p>沃什曾在全球金融危机时期担任美联储理事，此时他重返美联储正值美国货币政策制定的困难时刻。年化通货膨胀率远高于美联储 2% 的目标，并且可能继续上升，这在很大程度上是由于赋予他这一职位的总统的政策选择。</p>
</div><p>The tariffs Trump imposed through his first year in office pushed up prices for a broad range of imported goods, and then this year Trump's decision to go to war with Iran has triggered a global energy price shock that recent data show is driving up prices across a widening array of goods and services.</p>
<div class="lb-trans"><p>特朗普在其执政的第一年内实施的关税推高了广泛进口商品的价格，而今年特朗普决定与伊朗开战引发了全球能源价格冲击，最近的数据表明，这正在推动越来越多商品和服务的价格上涨。</p>
</div><p>The tariffs' impact on its own had been a factor that a number of Fed policymakers, including Powell, had been willing to look past as a one-time price increase, not persistent inflation, and that could have allowed the central bank to resume interest-rate cuts that were put on hold early this year.</p>
<div class="lb-trans"><p>关税的影响本身曾是许多美联储政策制定者，包括鲍威尔，愿意视为一次性价格上涨而非持续性通货膨胀的因素，这可能使中央银行能够恢复早些时候暂停的降息。</p>
</div><p>But the now-cascading effects of the Iran-war-induced energy price shock have deepened the inflation concerns of a growing number of the Fed policymakers Warsh must now lead and with whom he must now try to form a consensus over the direction of rate policy.</p>
<div class="lb-trans"><p>但伊朗战争引发的能源价格冲击的连锁反应加深了越来越多美联储政策制定者的通货膨胀担忧，沃什现在必须领导这些政策制定者，并与他们努力形成对利率政策方向的共识。</p>
</div><p>A run of hotter-than-expected readings of inflation caused upheaval in the bond market as last week ended. Yields on U.S. government bonds shot higher on Friday as investors repositioned for what they now see as sticky inflation and likely Fed rate hikes in response, starting perhaps as early as December.</p>
<div class="lb-trans"><p>上周末，通货膨胀的意外高读数导致债券市场动荡。周五，美国国债收益率大幅上升，因为投资者重新调整了对他们现在认为的持续通货膨胀和可能的美联储加息的预期，可能最早在 12 月开始。</p>
</div><p>Warsh's first rate-setting meeting is just weeks away in mid-June and he is likely to find himself confronted with a growing hawkish bloc of policymakers arguing for the Fed to shift its posture explicitly to guard against inflation. Interest-rate futures markets assign effectively zero probability to a change in the Fed's current policy rate, 3.50% to 3.75%, at the June meeting.</p>
<div class="lb-trans"><p>沃什的第一次利率决策会议将在 6 月中旬举行，他可能会面临越来越多的鹰派政策制定者的压力，他们主张美联储明确转变立场，以防范通货膨胀。利率期货市场几乎将 6 月会议上美联储当前政策利率（3.50% 至 3.75%）不变的概率视为零。</p>
</div><p>(Reporting by Dan Burns, Steve Holland, Jasper Ward and Daphne Psaledakis in Washington; editing by Michelle Nichols and Rosalba O'Brien)</p>
<div class="lb-trans"><p>（华盛顿报道：丹·伯恩斯，史蒂夫·霍兰，贾斯珀·沃德和达芙妮·普萨莱达基斯；编辑：米歇尔·尼科尔斯和罗莎尔巴·奥布莱恩）</p>
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Warsh to be sworn in as Fed chair at White House on Friday

Fidelity

Warsh 将于周五在白宫宣誓就任美联储主席