Michael 的美股研究

市場形勢分析

虛鷹實鴿的 Kevin Warsh(下)

解析新任聯準會主席可能的貨幣政策

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Michael Chang
Feb 02, 2026
∙ Paid

聯準會縮表對流動性的影響

目前聯準會的資產負債表約 6.5 兆美元。當聯準會持有的國債或證券到期,而聯準會不再買進時(也就是縮表),財政部必須向金融市場重新發債來償還聯準會。

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