{"id":2118,"date":"2026-06-04T12:08:34","date_gmt":"2026-06-04T09:08:34","guid":{"rendered":"https:\/\/fxknews.com\/?p=2118"},"modified":"2026-06-04T12:08:35","modified_gmt":"2026-06-04T09:08:35","slug":"fed-baskani-warsh-enflasyonun-giderek-daha-fazla-baski-yaptigi-bir-ekonomiyi-devraliyor","status":"publish","type":"post","link":"https:\/\/fxknews.com\/?p=2118","title":{"rendered":"Fed Ba\u015fkan\u0131 Warsh, Enflasyonun Giderek Daha Fazla Bask\u0131 Yapt\u0131\u011f\u0131 Bir Ekonomiyi Devral\u0131yor"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Reuters haberine g\u00f6re; \u00a0Fed&#8217;in \u00c7ar\u015famba g\u00fcn\u00fc yay\u0131nlad\u0131\u011f\u0131 bir ankette, Federal Rezerv Ba\u015fkan\u0131\u00a0Kevin Warsh\u00a0yapay zeka yat\u0131r\u0131mlar\u0131ndaki patlamayla g\u00fc\u00e7lenen ancak \u0130ran sava\u015f\u0131 nedeniyle artan fiyatlarla bo\u011fu\u015fan bir ekonomiyi devral\u0131yor. Bu durum, iki hafta sonra yapaca\u011f\u0131 ilk politika toplant\u0131s\u0131nda faiz art\u0131r\u0131m\u0131 konusunda bir m\u00fccadeleye zemin haz\u0131rl\u0131yor.ABD Merkez Bankas\u0131&#8217;n\u0131n 12 b\u00f6lgesel bankas\u0131ndan elde edilen niteliksel ekonomik verilerin bir \u00f6zeti olan Beige Book&#8217;a g\u00f6re, ABD&#8217;nin \u00e7o\u011fu b\u00f6lgesinde Nisan sonundan May\u0131s sonuna kadar \u0130ran sava\u015f\u0131yla ba\u011flant\u0131l\u0131 enerji maliyetlerindeki art\u0131\u015f nedeniyle enflasyon y\u00fckseldi ve bu durum &#8220;nakliye, ambalaj, g\u0131da ve g\u00fcbre sekt\u00f6rlerine de yans\u0131d\u0131&#8221;.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Raporda, &#8220;Genel olarak, kredi kart\u0131 kullan\u0131m\u0131nda art\u0131\u015f, perakende sat\u0131\u015f noktalar\u0131nda azalma ve temel ihtiya\u00e7lara y\u00f6nelik talebin artmas\u0131 y\u00f6n\u00fcnde raporlar vard\u0131&#8221; denildi; bu da uzun zamand\u0131r t\u00fcketici harcamalar\u0131yla desteklenen bir ekonomi i\u00e7in d\u00fc\u015f\u00fcnd\u00fcr\u00fcc\u00fc sinyaller anlam\u0131na geliyor.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title ez-toc-toggle\" style=\"cursor:pointer\">\u0130\u00e7indekiler<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/fxknews.com\/?p=2118\/#Fed_Baskani_Icin_Istenmeyen_Senaryo\" >Fed Ba\u015fkan\u0131 \u0130\u00e7in \u0130stenmeyen Senaryo<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/fxknews.com\/?p=2118\/#Cesitli_Gorusler_Var\" >\u00c7e\u015fitli G\u00f6r\u00fc\u015fler Var<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/fxknews.com\/?p=2118\/#Arastirmalar_Tuketici_Tercihlerinin_Degistigini_Gosteriyor\" >Ara\u015ft\u0131rmalar T\u00fcketici Tercihlerinin De\u011fi\u015fti\u011fini G\u00f6steriyor<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/fxknews.com\/?p=2118\/#Bazi_Genc_Isciler_Ise_Alimlarin_Yavas_Oldugunu_Goruyor\" >Baz\u0131 Gen\u00e7 \u0130\u015f\u00e7iler \u0130\u015fe Al\u0131mlar\u0131n Yava\u015f Oldu\u011funu G\u00f6r\u00fcyor\u00a0<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Fed_Baskani_Icin_Istenmeyen_Senaryo\"><\/span>Fed Ba\u015fkan\u0131 \u0130\u00e7in \u0130stenmeyen Senaryo<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><br>Rapor, sekt\u00f6rler genelinde, zay\u0131flayan t\u00fcketici talebi ve artan maliyet bask\u0131lar\u0131n\u0131n bir araya gelmesiyle olu\u015fan durgunluk ve enflasyonun bir arada ya\u015fand\u0131\u011f\u0131 bir duruma i\u015faret etti; bu, \u00f6zellikle yeni merkez bankas\u0131 ba\u015fkan\u0131ndan faiz indirimi bekledi\u011fini s\u00f6yleyen bir ba\u015fkan taraf\u0131ndan se\u00e7ilen herhangi bir yeni Fed ba\u015fkan\u0131 i\u00e7in istenmeyen bir senaryo.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><br>Artan benzin ve di\u011fer fiyatlar\u0131n ortalama aileler \u00fczerinde yaratt\u0131\u011f\u0131 bask\u0131n\u0131n bir g\u00f6stergesi olarak, Kansas City Fed&#8217;e konu\u015fan bir yetkili \u015funlar\u0131 s\u00f6yledi: &#8220;Orta gelirli haneler, harcamaya karar vermeden \u00f6nce her dolardan daha fazla verim almaya \u00e7al\u0131\u015f\u0131yor.&#8221;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Cesitli_Gorusler_Var\"><\/span>\u00c7e\u015fitli G\u00f6r\u00fc\u015fler Var<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><br>Navy Federal Credit Union&#8217;\u0131n ba\u015f ekonomisti Heather Long, raporun bulgular\u0131n\u0131n &#8220;enflasyonun h\u0131zla kal\u0131c\u0131 bir sorun haline geldi\u011finin son uyar\u0131 i\u015fareti&#8221; oldu\u011funu belirterek, &#8220;Yeni Fed Ba\u015fkan\u0131 Kevin Warsh&#8217;\u0131n Haziran toplant\u0131s\u0131nda enflasyonu kontrol alt\u0131na alma konusundaki kararl\u0131l\u0131\u011f\u0131n\u0131 g\u00f6stermesi gerekiyor&#8221; dedi.<br>Warsh&#8217;\u0131n baz\u0131 meslekta\u015flar\u0131 enflasyonla m\u00fccadeleyi \u015fimdiden aciliyet kazanan bir durum olarak g\u00f6stermeye ba\u015flad\u0131lar.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><br>Dallas Fed Ba\u015fkan\u0131 Lorie Logan \u00c7ar\u015famba g\u00fcn\u00fc yapt\u0131\u011f\u0131 a\u00e7\u0131klamada, &#8220;Yapay zeka yat\u0131r\u0131mlar\u0131 h\u0131zla artmaya devam ederken enflasyonun inatla y\u00fcksek seyretmesine dikkat \u00e7ekerek, bu y\u0131l\u0131n ilerleyen d\u00f6nemlerinde daha y\u00fcksek faiz oranlar\u0131n\u0131n gerekli olabilece\u011finden giderek daha fazla endi\u015fe duyuyorum&#8221; dedi.<br>Faiz oran\u0131 vadeli i\u015flemleri, yat\u0131r\u0131mc\u0131lar\u0131n Fed&#8217;in y\u0131l sonuna kadar politika faizini \u00e7eyrek puan art\u0131rarak %3,75-%4,00 aral\u0131\u011f\u0131na \u00e7\u0131karma olas\u0131l\u0131\u011f\u0131n\u0131 yakla\u015f\u0131k %75 olarak g\u00f6rd\u00fc\u011f\u00fcn\u00fc, buna kar\u015f\u0131l\u0131k herhangi bir de\u011fi\u015fiklik olmamas\u0131 olas\u0131l\u0131\u011f\u0131n\u0131n ise yakla\u015f\u0131k %25 oldu\u011funu g\u00f6steriyor.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><br>Beige Book raporu, yapay zekan\u0131n ABD ekonomisinin genel olarak &#8220;\u0131l\u0131ml\u0131&#8221; b\u00fcy\u00fcmesini destekledi\u011fine dair yeni kan\u0131tlar sunarken, Fed&#8217;in 12 b\u00f6lgesel bankas\u0131ndan dokuzu, veri merkezi in\u015faat\u0131n\u0131n hem yat\u0131r\u0131m hem de i\u015fg\u00fcc\u00fc talebini art\u0131rd\u0131\u011f\u0131n\u0131 belirtti.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><br>Ancak ayn\u0131 zamanda enflasyonist bask\u0131lar ve di\u011fer sekt\u00f6rlerdeki harcamalarda da geri \u00e7ekilmelere dair bir\u00e7ok \u00f6rnek de i\u00e7eriyordu.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Arastirmalar_Tuketici_Tercihlerinin_Degistigini_Gosteriyor\"><\/span>Ara\u015ft\u0131rmalar T\u00fcketici Tercihlerinin De\u011fi\u015fti\u011fini G\u00f6steriyor<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><br>Yap\u0131lan ara\u015ft\u0131rmaya g\u00f6re, y\u00fcksek benzin fiyatlar\u0131 nedeniyle t\u00fcketiciler hibrit ara\u00e7lara y\u00f6neliyor veya tamamen yeni ara\u00e7 al\u0131m\u0131n\u0131 azalt\u0131yor. \u0130\u00e7 talebin zay\u0131f olaca\u011f\u0131 beklentisiyle nakliyecilerin bo\u015f konteynerleri elinde tutmas\u0131 nedeniyle ihracatlar\u0131 da azal\u0131yor.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><br>Y\u00fcksek enerji maliyetleri g\u00fcbre fiyatlar\u0131n\u0131 da art\u0131rd\u0131. New York&#8217;lu elma yeti\u015ftiricileri, g\u00fcbre kullan\u0131m\u0131n\u0131n \u00e7ok pahal\u0131 hale gelmesi nedeniyle bu y\u0131l\u0131n ilerleyen aylar\u0131nda \u00e7ok daha k\u00fc\u00e7\u00fck bir hasat bekliyorlard\u0131.<br>\u00dcretim firmalar\u0131 Richmond Fed&#8217;e, t\u00fcketici temkinlili\u011fi nedeniyle talebin zay\u0131flad\u0131\u011f\u0131n\u0131 s\u00f6ylerken, plastik sekt\u00f6r\u00fcndeki bir ekipman \u00fcreticisi de m\u00fc\u015fterilerinin beklenen petrol k\u0131tl\u0131\u011f\u0131 nedeniyle sermaye yat\u0131r\u0131mlar\u0131n\u0131 erteledi\u011fini belirtti.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><br>San Francisco Fed&#8217;in a\u00e7\u0131klamas\u0131na g\u00f6re, Bat\u0131&#8217;da konserler ve kurumsal toplant\u0131lar gibi belirli etkinliklere y\u00f6nelik turizmle ilgili talep g\u00fc\u00e7l\u00fcyd\u00fc. Ancak t\u00fcketicilerin araba kullanmay\u0131 ve hafta sonu gezilerini azaltmas\u0131yla &#8220;uygun fiyatl\u0131 mekanlardaki&#8221; talep d\u00fc\u015ft\u00fc.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Bazi_Genc_Isciler_Ise_Alimlarin_Yavas_Oldugunu_Goruyor\"><\/span>Baz\u0131 Gen\u00e7 \u0130\u015f\u00e7iler \u0130\u015fe Al\u0131mlar\u0131n Yava\u015f Oldu\u011funu G\u00f6r\u00fcyor\u00a0<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><br>Warsh, May\u0131s ay\u0131 sonlar\u0131nda Jerome Powell&#8217;\u0131n yerine Fed ba\u015fkan\u0131 olarak g\u00f6reve geldi; bu, bir\u00e7ok merkez bankas\u0131 politika yap\u0131c\u0131s\u0131n\u0131n, ABD destekli \u0130ran sava\u015f\u0131 nedeniyle son aylarda yeniden h\u0131zlanan enflasyon konusunda endi\u015felenmeye ba\u015flad\u0131\u011f\u0131 bir d\u00f6nemdi . Enflasyon, be\u015f y\u0131ldan uzun bir s\u00fcredir Fed&#8217;in %2&#8217;lik hedefinin \u00fczerinde seyrediyor.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><br>Fed&#8217;in hedefli \u00f6l\u00e7\u00fcm\u00fcne g\u00f6re enflasyon , Mart ay\u0131ndaki %3,5&#8217;ten Nisan ay\u0131nda %3,8&#8217;e y\u00fckselirken, ge\u00e7en y\u0131l Fed&#8217;in faiz indirimlerine yan\u0131t olarak t\u00f6kezliyor gibi g\u00f6r\u00fcnen i\u015f piyasas\u0131 istikrar kazanm\u0131\u015f g\u00f6r\u00fcn\u00fcyor. Reuters taraf\u0131ndan yap\u0131lan ankete kat\u0131lan ekonomistler, May\u0131s ay\u0131 i\u015f verilerinin Cuma g\u00fcn\u00fc a\u00e7\u0131klanmas\u0131yla birlikte i\u015fsizlik oran\u0131n\u0131n %4,3 seviyesinde kalmas\u0131n\u0131 bekliyor.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><br>Warsh, yapay zekan\u0131n enflasyon d\u00fc\u015f\u00fcr\u00fcc\u00fc bir g\u00fc\u00e7 oldu\u011fu ve potansiyel olarak Fed&#8217;in faiz oranlar\u0131n\u0131 d\u00fc\u015f\u00fcrmesine olanak sa\u011flayaca\u011f\u0131 fikrini benimsemi\u015ftir.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><br>Logan \u00c7ar\u015famba g\u00fcn\u00fc yapt\u0131\u011f\u0131 a\u00e7\u0131klamada, yapay zek\u00e2 destekli verimlilik art\u0131\u015flar\u0131n\u0131n b\u00fcy\u00fckl\u00fc\u011f\u00fc ve zamanlamas\u0131n\u0131n belirsiz oldu\u011funu, ancak talepteki art\u0131\u015f\u0131n zaten ger\u00e7ekle\u015fti\u011fini ve bunun da zaten \u00e7ok y\u00fcksek olan yukar\u0131 y\u00f6nl\u00fc fiyat bask\u0131s\u0131n\u0131 art\u0131rd\u0131\u011f\u0131n\u0131 savundu.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><br>Di\u011fer Fed politika yap\u0131c\u0131lar\u0131 da benzer g\u00f6r\u00fc\u015fler dile getirdi.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><br>Beige Book&#8217;ta, Fed&#8217;in \u00e7e\u015fitli b\u00f6lgelerinden gelen raporlara g\u00f6re, yapay zekan\u0131n artan kullan\u0131m\u0131, kariyerinin ba\u015f\u0131ndaki \u00e7al\u0131\u015fanlar\u0131n i\u015fe al\u0131m\u0131n\u0131 yava\u015flatt\u0131; bu da faiz indirimiyle \u00e7\u00f6z\u00fclemeyecek, i\u015fg\u00fcc\u00fc piyasas\u0131nda potansiyel bir yap\u0131sal de\u011fi\u015fikli\u011fe yol a\u00e7abilir.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><br>\u00c7e\u015fitli b\u00f6lgelerden gelen raporlara g\u00f6re, savunma ile ilgili faaliyetler ve artan veri merkezi talebi, imalat sekt\u00f6r\u00fcndeki istihdam\u0131 destekliyor.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><br>Ancak daha genel olarak bak\u0131ld\u0131\u011f\u0131nda, \u00e7o\u011fu b\u00f6lgede i\u015fe al\u0131m ve i\u015ften \u00e7\u0131karma oranlar\u0131n\u0131n d\u00fc\u015f\u00fck oldu\u011fu ve \u00e7al\u0131\u015fanlar\u0131n i\u015f de\u011fi\u015ftirmeye isteksiz oldu\u011fu bir ortam devam etti.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><br>Beige Book&#8217;a g\u00f6re, \u00fccret art\u0131\u015f\u0131 m\u00fctevaz\u0131 ila \u0131l\u0131ml\u0131 d\u00fczeydeydi.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><br>Gelecekteki ek enflasyon bask\u0131lar\u0131na i\u015faret eden bir geli\u015fme olarak, Fed bankalar\u0131 &#8220;artan yak\u0131t ve di\u011fer hane halk\u0131 maliyet bask\u0131lar\u0131n\u0131 y\u00f6netmek i\u00e7in daha s\u0131k \u00fccret ayarlamalar\u0131 ve ya\u015fam maliyeti art\u0131\u015flar\u0131&#8221; uygulayacaklar\u0131n\u0131 bildirdi.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters haberine g\u00f6re; \u00a0Fed&#8217;in \u00c7ar\u015famba g\u00fcn\u00fc yay\u0131nlad\u0131\u011f\u0131 bir ankette, Federal Rezerv Ba\u015fkan\u0131\u00a0Kevin Warsh\u00a0yapay zeka yat\u0131r\u0131mlar\u0131ndaki patlamayla g\u00fc\u00e7lenen ancak \u0130ran sava\u015f\u0131<\/p>\n","protected":false},"author":1,"featured_media":2120,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_container_layout":"default_layout","colormag_page_sidebar_layout":"default_layout","footnotes":""},"categories":[1],"tags":[27,26,55],"class_list":["post-2118","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finansal-piyasalar","tag-faiz","tag-fed","tag-warsh"],"_links":{"self":[{"href":"https:\/\/fxknews.com\/index.php?rest_route=\/wp\/v2\/posts\/2118","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fxknews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fxknews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fxknews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/fxknews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2118"}],"version-history":[{"count":1,"href":"https:\/\/fxknews.com\/index.php?rest_route=\/wp\/v2\/posts\/2118\/revisions"}],"predecessor-version":[{"id":2138,"href":"https:\/\/fxknews.com\/index.php?rest_route=\/wp\/v2\/posts\/2118\/revisions\/2138"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fxknews.com\/index.php?rest_route=\/wp\/v2\/media\/2120"}],"wp:attachment":[{"href":"https:\/\/fxknews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2118"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fxknews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2118"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fxknews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2118"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}