{"id":833,"date":"2026-01-13T00:20:39","date_gmt":"2026-01-12T21:20:39","guid":{"rendered":"https:\/\/tabildot.com.tr\/marketrisk\/?p=833"},"modified":"2026-01-13T00:22:21","modified_gmt":"2026-01-12T21:22:21","slug":"fedin-bagimsizligi-savasi-powell-ve-trump-arasindaki-hukuki-catisma","status":"publish","type":"post","link":"https:\/\/tabildot.com.tr\/marketrisk\/833","title":{"rendered":"Fed\u2019in Ba\u011f\u0131ms\u0131zl\u0131\u011f\u0131 Sava\u015f\u0131: Powell ve Trump Aras\u0131ndaki Hukuki \u00c7at\u0131\u015fma"},"content":{"rendered":"<p><iframe loading=\"lazy\" title=\"Fed\u2019in Ba\u011f\u0131ms\u0131zl\u0131\u011f\u0131 Sava\u015f\u0131: Powell ve Trump Aras\u0131ndaki Hukuki \u00c7at\u0131\u015fma\" width=\"858\" height=\"483\" src=\"https:\/\/www.youtube.com\/embed\/e44BRrVG_Ks?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<h1>Fed&#8217;in Ba\u011f\u0131ms\u0131zl\u0131\u011f\u0131 Ku\u015fatma Alt\u0131nda: Faiz Sava\u015flar\u0131 Beyaz Saray&#8217;a S\u0131\u00e7rad\u0131<\/h1>\n<h3><b>Giri\u015f: Finansal Temele Y\u00f6nelik Bir Tehdit<\/b><\/h3>\n<p>ABD Merkez Bankas\u0131 (Federal Rezerv ya da k\u0131saca Fed), normalde ekonomik istikrar\u0131 sa\u011flamak i\u00e7in perde arkas\u0131nda faaliyet g\u00f6steren, a\u011f\u0131rba\u015fl\u0131 ve g\u00fc\u00e7l\u00fc bir kurum olarak bilinir. Ancak Trump y\u00f6netiminin, Fed Ba\u015fkan\u0131 Jerome Powell hakk\u0131nda Adalet Bakanl\u0131\u011f\u0131 arac\u0131l\u0131\u011f\u0131yla b\u00fcy\u00fck j\u00fcri celpleri g\u00f6ndermesiyle bu sakin denge bozuldu. Bu hamle, d\u00fcnyan\u0131n en etkili merkez bankas\u0131n\u0131 siyasi bir silaha d\u00f6n\u00fc\u015ft\u00fcrme tehdidi ta\u015f\u0131yan ve e\u015fi benzeri g\u00f6r\u00fclmemi\u015f bir gerilim t\u0131rman\u0131\u015f\u0131n\u0131 temsil ediyor.<\/p>\n<p>&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8211;<\/p>\n<h3><b>1. As\u0131l Hedef Bina De\u011fil, Faiz Oranlar\u0131<\/b><\/h3>\n<p>Fed Ba\u015fkan\u0131 Powell&#8217;\u0131n su\u00e7lamas\u0131n\u0131n merkezinde, soru\u015fturman\u0131n resmi gerek\u00e7esinin Fed&#8217;in merkezindeki 2,5 milyar dolarl\u0131k bir bina yenileme projesindeki maliyet a\u015f\u0131mlar\u0131 olsa da bunun yaln\u0131zca bir &#8220;bahane&#8221; oldu\u011fu iddias\u0131 yer al\u0131yor. Powell&#8217;a g\u00f6re as\u0131l ama\u00e7, Fed&#8217;i faiz oranlar\u0131n\u0131 halk\u0131n ekonomik ihtiya\u00e7lar\u0131na g\u00f6re de\u011fil, Ba\u015fkan&#8217;\u0131n siyasi tercihlerine uygun olarak belirlemeye zorlamak.<\/p>\n<p>Jerome Powell&#8217;\u0131n durumu \u00f6zetleyen \u00e7arp\u0131c\u0131 a\u00e7\u0131klamas\u0131 \u015fu \u015fekilde:<\/p>\n<p>&#8220;Ceza davas\u0131 tehdidi, Federal Rezerv&#8217;in faiz oranlar\u0131n\u0131 Ba\u015fkan&#8217;\u0131n tercihlerini takip etmek yerine, kamuya neyin hizmet edece\u011fine dair en iyi de\u011ferlendirmemize dayanarak belirlemesinin bir sonucudur.&#8221;<\/p>\n<p>&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8211;<\/p>\n<h3><b>2. Tepki An\u0131nda, Partiler \u00dcst\u00fc ve Otoriter Oldu<\/b><\/h3>\n<p>Y\u00f6netimin bu hamlesine y\u00f6nelik k\u0131nama, h\u0131zl\u0131 ve g\u00fc\u00e7l\u00fc bir \u015fekilde geldi. Tepkilerin niteli\u011fi, durumun ciddiyetini g\u00f6zler \u00f6n\u00fcne serdi. Eski Fed ba\u015fkanlar\u0131 Janet Yellen, Ben Bernanke ve Alan Greenspan taraf\u0131ndan yay\u0131nlanan nadir ortak bildiri, Fed&#8217;in kurumsal haf\u0131zas\u0131n\u0131n birle\u015fik bir protestoyla aya\u011fa kalkt\u0131\u011f\u0131n\u0131 g\u00f6sterdi. Tepkiler parti s\u0131n\u0131rlar\u0131n\u0131 da a\u015farak, Bankac\u0131l\u0131k Komitesi&#8217;ndeki kilit Cumhuriyet\u00e7i Senat\u00f6rler Thom Tillis, Kevin Cramer ve Lisa Murkowski&#8217;den \u015fa\u015f\u0131rt\u0131c\u0131 bir kar\u015f\u0131 \u00e7\u0131k\u0131\u015f geldi. Y\u00f6netimin eylemlerinin ne kadar a\u015f\u0131r\u0131 oldu\u011funun bir kan\u0131t\u0131 olarak, Senat\u00f6r Tillis, bu yasal mesele tamamen \u00e7\u00f6z\u00fclene kadar Trump&#8217;\u0131n Fed&#8217;e yapaca\u011f\u0131 yeni atamalara, &#8220;Powell&#8217;\u0131n yerine ge\u00e7ecek isim de dahil olmak \u00fczere,&#8221; kar\u015f\u0131 \u00e7\u0131kma tehdidinde bulundu. Bu, y\u00f6netimin en \u00f6nemli m\u00fcttefiklerini bile yabanc\u0131la\u015ft\u0131rd\u0131\u011f\u0131n\u0131 ve iktidar partisi i\u00e7inde bir \u00e7atlak yaratt\u0131\u011f\u0131n\u0131 ortaya koydu.<\/p>\n<p>Eski Fed ba\u015fkanlar\u0131n\u0131n ortak a\u00e7\u0131klamas\u0131ndaki \u015fu ifadeler, durumun vahametini vurguluyor:<\/p>\n<p>&#8220;Para politikas\u0131, zay\u0131f kurumlara sahip geli\u015fmekte olan piyasalarda bu \u015fekilde yap\u0131l\u0131r ve bunun enflasyon ile ekonomilerinin daha geni\u015f anlamda i\u015fleyi\u015fi \u00fczerinde son derece olumsuz sonu\u00e7lar\u0131 olur. En b\u00fcy\u00fck g\u00fcc\u00fc, ekonomik ba\u015far\u0131m\u0131z\u0131n temelinde yer alan hukukun \u00fcst\u00fcnl\u00fc\u011f\u00fc olan Amerika Birle\u015fik Devletleri&#8217;nde buna yer yoktur.&#8221;<\/p>\n<p>&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8211;<\/p>\n<h3><b>3. Finans Piyasalar\u0131 C\u00fczdanlar\u0131yla Oy Verdi ve Endi\u015feliler<\/b><\/h3>\n<p>Finans piyasalar\u0131 bu habere olumsuz tepki vererek yat\u0131r\u0131mc\u0131lar\u0131n Fed&#8217;in ba\u011f\u0131ms\u0131zl\u0131\u011f\u0131n\u0131 kaybetme potansiyelinden endi\u015fe duydu\u011funun a\u00e7\u0131k bir kan\u0131t\u0131n\u0131 sundu.<\/p>\n<p>Piyasalardaki temel hareketler \u015funlard\u0131:<\/p>\n<ul>\n<li>Uzun vadeli ABD Hazine tahvillerinin faizleri y\u00fckseldi.<\/li>\n<li>Alt\u0131n rekor seviyeye ula\u015ft\u0131.<\/li>\n<li>ABD dolar\u0131 d\u00fc\u015ft\u00fc.<\/li>\n<li>Ba\u015fl\u0131ca ABD borsa endeksleri g\u00fcne d\u00fc\u015f\u00fc\u015fle ba\u015flad\u0131.<\/li>\n<\/ul>\n<p>Bu tepkiler, piyasan\u0131n endi\u015felerinin derinli\u011fini g\u00f6steren birer sinyaldir. Y\u00fckselen Hazine faizleri, Fed&#8217;in siyasi bask\u0131yla faizleri yapay olarak d\u00fc\u015f\u00fck tutmas\u0131 halinde gelecekte ortaya \u00e7\u0131kacak enflasyon korkusunu yans\u0131t\u0131r. D\u00fc\u015fen dolar, yat\u0131r\u0131mc\u0131lar\u0131n ABD&#8217;nin istikrarl\u0131 bir finansal \u00e7\u0131pa olma rol\u00fcne olan g\u00fcveninin sars\u0131ld\u0131\u011f\u0131n\u0131 g\u00f6sterir. Alt\u0131na h\u00fccum ise yat\u0131r\u0131mc\u0131 pani\u011finin ve devlet kontrol\u00fc d\u0131\u015f\u0131ndaki g\u00fcvenli liman aray\u0131\u015f\u0131n\u0131n klasik bir i\u015faretidir.<\/p>\n<p>Goldman Sachs ba\u015f ekonomisti Jan Hatzius&#8217;un belirtti\u011fi gibi, bu geli\u015fmeler &#8220;Fed&#8217;in ba\u011f\u0131ms\u0131zl\u0131\u011f\u0131n\u0131n bask\u0131 alt\u0131na girece\u011fi&#8221; y\u00f6n\u00fcndeki endi\u015feleri g\u00fc\u00e7lendirmi\u015ftir.<\/p>\n<p>&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8211;<\/p>\n<h3><b>4. Yeni ve Daha Gerilimli Bir Sayfa A\u00e7\u0131ld\u0131<\/b><\/h3>\n<p>Bu olay, y\u00f6netim ile Fed aras\u0131ndaki \u00e7at\u0131\u015fmada \u00f6nemli bir d\u00f6n\u00fcm noktas\u0131d\u0131r. Bu noktaya kadar Fed Ba\u015fkan\u0131 Powell&#8217;\u0131n sessiz dayan\u0131kl\u0131l\u0131k stratejisi, kamuoyu \u00f6n\u00fcnde \u00e7at\u0131\u015fmaktan ka\u00e7\u0131nmas\u0131 ve Cumhuriyet\u00e7i yasa yap\u0131c\u0131lar\u0131n b\u00fcy\u00fck \u00f6l\u00e7\u00fcde sessiz kalmas\u0131yla karakterize ediliyordu. Ancak bu son hamleyle birlikte Powell&#8217;\u0131n stratejisi iflas etti ve onu kurumsal bir s\u00fckunetten, kamusal bir y\u00fczle\u015fme pozisyonuna ge\u00e7meye zorlad\u0131. Bu sadece bir \u00fcslup de\u011fi\u015fikli\u011fi de\u011fil, ayn\u0131 zamanda tehdidin art\u0131k varolu\u015fsal bir boyuta ula\u015ft\u0131\u011f\u0131n\u0131n bir kabul\u00fcyd\u00fc. Powell&#8217;\u0131n net kamuoyu yan\u0131t\u0131 ve Trump&#8217;\u0131n kendi partisinden gelen a\u00e7\u0131k k\u0131namalar, merkez bankas\u0131n\u0131n ba\u011f\u0131ms\u0131zl\u0131\u011f\u0131 \u00fczerindeki sava\u015fta &#8220;yeni ve daha gerilimli bir sayfan\u0131n&#8221; a\u00e7\u0131ld\u0131\u011f\u0131n\u0131 g\u00f6steriyor.<\/p>\n<p>&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8211;<\/p>\n<h3><b>Sonu\u00e7: Hakem Oyuncu Oldu\u011funda<\/b><\/h3>\n<p>Fed&#8217;e y\u00f6nelik bu sald\u0131r\u0131, merkez bankas\u0131n\u0131n k\u0131sa vadeli siyasi bask\u0131lardan yal\u0131t\u0131lm\u0131\u015f olmas\u0131 gerekti\u011fi ilkesine y\u00f6nelik temel bir tehdittir. Bu durum, ekonominin tarafs\u0131z bir hakemi olmas\u0131 gereken kurumun, siyasi bir oyuncu haline getirilme riskini bar\u0131nd\u0131r\u0131yor. Geriye ise \u015fu can al\u0131c\u0131 soru kal\u0131yor: ABD ekonomisinin en \u00f6nemli finansal kurumunun ba\u011f\u0131ms\u0131zl\u0131\u011f\u0131, siyasi bir iradenin g\u00f6lgesinde kal\u0131rsa, istikrar ve \u00f6ng\u00f6r\u00fclebilirlik vaadini nas\u0131l s\u00fcrd\u00fcrebilir?<\/p>\n<p>&nbsp;<\/p>\n<h1><span style=\"color: #0000ff;\">Federal Rezerv&#8217;in Ba\u011f\u0131ms\u0131zl\u0131\u011f\u0131na Y\u00f6nelik Tehditler: Bir Bilgilendirme Notu<\/span><\/h1>\n<h2>\u00d6zet<\/h2>\n<p>Bu bilgilendirme notu, Trump y\u00f6netiminin Federal Rezerv (Fed) Ba\u015fkan\u0131 Jerome Powell hakk\u0131nda ba\u015flatt\u0131\u011f\u0131 ceza soru\u015fturmas\u0131n\u0131n yol a\u00e7t\u0131\u011f\u0131 krizi ve bunun sonu\u00e7lar\u0131n\u0131 analiz etmektedir. Y\u00f6netimin bu hamlesi, Powell&#8217;\u0131n Kongre&#8217;ye bir bina yenileme projesi hakk\u0131nda yapt\u0131\u011f\u0131 yorumlara dayand\u0131r\u0131lsa da, Fed Ba\u015fkan\u0131 taraf\u0131ndan faiz politikalar\u0131n\u0131 etkilemeye y\u00f6nelik siyasi bir &#8220;bahane&#8221; olarak nitelendirilmi\u015ftir. Bu geli\u015fme, eski Fed ba\u015fkanlar\u0131, \u00f6nde gelen Cumhuriyet\u00e7i senat\u00f6rler ve finans piyasalar\u0131 taraf\u0131ndan merkez bankas\u0131n\u0131n ba\u011f\u0131ms\u0131zl\u0131\u011f\u0131na y\u00f6nelik ciddi bir sald\u0131r\u0131 olarak alg\u0131lanm\u0131\u015f ve \u015fiddetle k\u0131nanm\u0131\u015ft\u0131r. Piyasalar, artan Hazine tahvili faizleri, rekor k\u0131ran alt\u0131n fiyatlar\u0131 ve d\u00fc\u015fen dolar kuru ile olumsuz tepki vermi\u015ftir. Soru\u015fturma, Amerika Birle\u015fik Devletleri&#8217;nin ekonomik istikrar\u0131n\u0131n temel ta\u015f\u0131 olarak kabul edilen Fed&#8217;in \u00f6zerkli\u011fi ve hukukun \u00fcst\u00fcnl\u00fc\u011f\u00fc ilkeleri \u00fczerine yo\u011fun bir tart\u0131\u015fma ba\u015flatm\u0131\u015ft\u0131r.<\/p>\n<p>&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8211;<\/p>\n<h3>1. \u00c7at\u0131\u015fman\u0131n T\u0131rman\u0131\u015f\u0131: Cezai Soru\u015fturma<\/h3>\n<p>Trump y\u00f6netimi, Federal Rezerv Ba\u015fkan\u0131 Jerome Powell&#8217;a y\u00f6nelik uzun s\u00fcredir devam eden bask\u0131 kampanyas\u0131n\u0131, bir ceza soru\u015fturmas\u0131 ba\u015flatarak \u00f6nemli \u00f6l\u00e7\u00fcde t\u0131rmand\u0131rm\u0131\u015ft\u0131r.<\/p>\n<ul>\n<li><b>Soru\u015fturman\u0131n Gerek\u00e7esi:<\/b> Adalet Bakanl\u0131\u011f\u0131 taraf\u0131ndan g\u00f6nderilen mahkeme celpleri, Powell&#8217;\u0131n ge\u00e7en yaz Senato Bankac\u0131l\u0131k Komitesi&#8217;ne Fed&#8217;in merkez kompleksindeki 2.5 milyar dolarl\u0131k bina yenileme projesinin maliyet a\u015f\u0131mlar\u0131 hakk\u0131nda yapt\u0131\u011f\u0131 a\u00e7\u0131klamalara odaklanmaktad\u0131r.<\/li>\n<li><b>Powell&#8217;\u0131n Kar\u015f\u0131 Arg\u00fcman\u0131:<\/b> Powell, soru\u015fturman\u0131n ger\u00e7ek nedeninin bu a\u00e7\u0131klamalar olmad\u0131\u011f\u0131n\u0131, bunun y\u00f6netimin daha d\u00fc\u015f\u00fck faiz oranlar\u0131 talep eden &#8220;tehditleri ve s\u00fcregelen bask\u0131s\u0131n\u0131n&#8221; bir par\u00e7as\u0131 oldu\u011funu belirtmi\u015ftir. Powell&#8217;a g\u00f6re bu hamle, Fed&#8217;in para politikas\u0131n\u0131 ekonomik verilere g\u00f6re de\u011fil, Ba\u015fkan&#8217;\u0131n siyasi tercihlerine g\u00f6re \u015fekillendirmesi i\u00e7in bir bask\u0131 arac\u0131d\u0131r.<\/li>\n<li><b>Zamanlama:<\/b> Bu geli\u015fme, y\u00f6netimin bir ba\u015fka Fed yetkilisi olan Vali Lisa Cook&#8217;u g\u00f6revden alma giri\u015fiminin Y\u00fcksek Mahkeme&#8217;de g\u00f6r\u00fc\u015f\u00fclmesinden yakla\u015f\u0131k iki hafta \u00f6nce ya\u015fanm\u0131\u015ft\u0131r. Bu durum, y\u00f6netimin Fed \u00fczerindeki kontrol\u00fcn\u00fc art\u0131rma \u00e7abalar\u0131n\u0131n sistematik bir par\u00e7as\u0131 oldu\u011fu y\u00f6n\u00fcndeki endi\u015feleri g\u00fc\u00e7lendirmektedir.<\/li>\n<\/ul>\n<h3>2. Powell&#8217;\u0131n Yan\u0131t\u0131 ve Su\u00e7lamalar<\/h3>\n<p>Daha \u00f6nce y\u00f6netimle kamuoyu \u00f6n\u00fcnde bir anla\u015fmazl\u0131\u011fa girmekten ka\u00e7\u0131nan Jerome Powell, bu kez sert bir yan\u0131t vererek soru\u015fturman\u0131n arkas\u0131ndaki siyasi motivasyonlar\u0131 if\u015fa etmi\u015ftir.<\/p>\n<ul>\n<li><b>Kamuoyuna A\u00e7\u0131klama:<\/b> Powell, Fed&#8217;in ge\u00e7en hafta Cuma g\u00fcn\u00fc Adalet Bakanl\u0131\u011f\u0131&#8217;ndan b\u00fcy\u00fck j\u00fcri celpleri ald\u0131\u011f\u0131n\u0131 ve hakk\u0131nda bir ceza iddianamesi tehdidi bulundu\u011funu a\u00e7\u0131klam\u0131\u015ft\u0131r.<\/li>\n<li><b>Do\u011frudan Al\u0131nt\u0131lar:<\/b> Powell&#8217;\u0131n a\u00e7\u0131klamalar\u0131, durumun ciddiyetini ortaya koymaktad\u0131r:\n<ul>\n<li>&#8220;Hukukun \u00fcst\u00fcnl\u00fc\u011f\u00fcne ve demokrasimizdeki hesap verebilirli\u011fe derin sayg\u0131m var. Hi\u00e7 kimse -kesinlikle Federal Rezerv Ba\u015fkan\u0131 da dahil- hukukun \u00fcst\u00fcnde de\u011fildir.&#8221;<\/li>\n<li>&#8220;Ancak bu benzeri g\u00f6r\u00fclmemi\u015f eylem, y\u00f6netimin tehditleri ve faiz oranlar\u0131n\u0131n d\u00fc\u015f\u00fcr\u00fclmesine y\u00f6nelik s\u00fcregelen bask\u0131s\u0131 gibi daha geni\u015f bir ba\u011flamda g\u00f6r\u00fclmelidir.&#8221;<\/li>\n<li>&#8220;Bu yeni tehdit, ge\u00e7en Haziran&#8217;daki ifademle veya Federal Rezerv binalar\u0131n\u0131n yenilenmesiyle ilgili de\u011fil. Kongre&#8217;nin denetim rol\u00fcyle de ilgili de\u011fil&#8230; Bunlar bahaneler. Cezai su\u00e7lama tehdidi, Federal Rezerv&#8217;in faiz oranlar\u0131n\u0131 Ba\u015fkan&#8217;\u0131n tercihlerini takip etmek yerine, halka hizmet edece\u011fine dair en iyi de\u011ferlendirmemize dayanarak belirlemesinin bir sonucudur.&#8221;<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h3>3. Piyasalar\u0131n Tepkisi ve Ekonomik Etkiler<\/h3>\n<p>Merkez bankas\u0131n\u0131n ba\u011f\u0131ms\u0131zl\u0131\u011f\u0131n\u0131n sorgulanmas\u0131, finansal piyasalarda an\u0131nda ve belirgin bir istikrars\u0131zl\u0131\u011fa yol a\u00e7m\u0131\u015ft\u0131r. Yat\u0131r\u0131mc\u0131lar, daha az ba\u011f\u0131ms\u0131z bir Fed&#8217;in enflasyon ve para politikas\u0131 \u00fczerindeki potansiyel olumsuz etkilerini fiyatlamaya ba\u015flam\u0131\u015ft\u0131r.<\/p>\n<ul>\n<li><b>Piyasa Hareketleri:<\/b> | Piyasa G\u00f6stergesi | G\u00f6zlemlenen De\u011fi\u015fim | | :&#8212; | :&#8212; | | <b>ABD Hazine Tahvilleri<\/b> | Uzun vadeli tahvil faizlerinde art\u0131\u015f ya\u015fand\u0131. | | <b>Alt\u0131n<\/b> | Rekor seviyeye ula\u015ft\u0131. | | <b>ABD Dolar\u0131<\/b> | De\u011fer kaybetti. | | <b>ABD Borsalar\u0131<\/b> | Ba\u015fl\u0131ca endeksler, \u00f6zellikle banka hisseleri, d\u00fc\u015f\u00fc\u015fle a\u00e7\u0131ld\u0131. |<\/li>\n<li><b>Uzman G\u00f6r\u00fc\u015f\u00fc:<\/b> Goldman Sachs&#8217;\u0131n ba\u015f ekonomisti Jan Hatzius, durumu \u015fu s\u00f6zlerle \u00f6zetlemi\u015ftir: &#8220;Ba\u015fkan Powell hakk\u0131ndaki ceza soru\u015fturmas\u0131na ili\u015fkin son haberlerin bu endi\u015feleri peki\u015ftirmesiyle, Fed&#8217;in ba\u011f\u0131ms\u0131zl\u0131\u011f\u0131n\u0131n bask\u0131 alt\u0131na girece\u011fine dair endi\u015felerin artt\u0131\u011f\u0131 a\u00e7\u0131kt\u0131r.&#8221;<\/li>\n<li><b>Ekonomik Risk:<\/b> Uzun vadeli bor\u00e7lanma maliyetlerindeki art\u0131\u015f\u0131n devam etmesi, y\u00f6netimin &#8220;sat\u0131n al\u0131nabilirlik&#8221; konusundaki endi\u015feleri giderme \u00e7abalar\u0131na kar\u015f\u0131 bir geri tepme riski ta\u015f\u0131maktad\u0131r.<\/li>\n<\/ul>\n<h3>4. Siyasi ve Akademik Yank\u0131lar<\/h3>\n<p>Soru\u015fturma, hem siyasi arenada hem de ekonomi \u00e7evrelerinde geni\u015f \u00e7apl\u0131 bir k\u0131nama dalgas\u0131na neden olmu\u015ftur. Ele\u015ftiriler, Fed&#8217;in \u00f6zerkli\u011finin ABD ekonomisinin temel dire\u011fi oldu\u011fu noktas\u0131nda birle\u015fmektedir.<\/p>\n<ul>\n<li><b>Eski Fed Ba\u015fkanlar\u0131:<\/b> Janet Yellen, Ben Bernanke ve Alan Greenspan, her iki partiden eski ekonomi politikas\u0131 liderleriyle birlikte ortak bir bildiri yay\u0131nlayarak durumu \u015fu \u015fekilde de\u011ferlendirmi\u015ftir:<\/li>\n<li><b>Cumhuriyet\u00e7i Senat\u00f6rler:<\/b> Trump&#8217;\u0131n kendi partisinden \u00f6nemli isimler de y\u00f6netimin bu ad\u0131m\u0131na kar\u015f\u0131 \u00e7\u0131km\u0131\u015ft\u0131r:\n<ul>\n<li><b>Thom Tillis (Senato Bankac\u0131l\u0131k Komitesi \u00dcyesi):<\/b> Geli\u015fmeyi &#8220;b\u00fcy\u00fck bir hata&#8221; olarak nitelendirmi\u015f ve &#8220;bu yasal mesele tamamen \u00e7\u00f6z\u00fclene kadar&#8221; Powell&#8217;\u0131n yerine atanacak ki\u015fi de dahil olmak \u00fczere Trump&#8217;\u0131n Fed adaylar\u0131na kar\u015f\u0131 \u00e7\u0131kaca\u011f\u0131n\u0131 belirtmi\u015ftir.<\/li>\n<li><b>Kevin Cramer (Senato Bankac\u0131l\u0131k Komitesi \u00dcyesi):<\/b> Geli\u015fmeyi k\u0131nayan isimler aras\u0131nda yer alm\u0131\u015ft\u0131r.<\/li>\n<li><b>Lisa Murkowski:<\/b> Sosyal medya platformu X \u00fczerinden yapt\u0131\u011f\u0131 a\u00e7\u0131klamada, &#8220;Riskler g\u00f6rmezden gelinemeyecek kadar y\u00fcksek: Federal Rezerv ba\u011f\u0131ms\u0131zl\u0131\u011f\u0131n\u0131 kaybederse, piyasalar\u0131m\u0131z\u0131n istikrar\u0131 ve genel ekonomi zarar g\u00f6r\u00fcr&#8221; ifadelerini kullanm\u0131\u015ft\u0131r.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h3>5. Y\u00f6netimin Duru\u015fu ve Genel Ba\u011flam<\/h3>\n<p>Y\u00f6netim kanad\u0131ndan gelen a\u00e7\u0131klamalar, olay\u0131n siyasi boyutunu daha da karma\u015f\u0131kla\u015ft\u0131rmaktad\u0131r.<\/p>\n<ul>\n<li><b>Ba\u015fkan Trump&#8217;\u0131n Yorumu:<\/b> Trump, NBC News&#8217;e yapt\u0131\u011f\u0131 a\u00e7\u0131klamada Adalet Bakanl\u0131\u011f\u0131&#8217;n\u0131n eylemlerinden haberi olmad\u0131\u011f\u0131n\u0131 iddia etmi\u015f ve eklemi\u015ftir: &#8220;Bu konuda hi\u00e7bir \u015fey bilmiyorum, ama kendisi (Powell) Fed&#8217;de kesinlikle \u00e7ok iyi de\u011fil ve bina in\u015fa etme konusunda da \u00e7ok iyi de\u011fil.&#8221;<\/li>\n<li><b>Adalet Bakanl\u0131\u011f\u0131&#8217;n\u0131n Pozisyonu:<\/b> Bir bakanl\u0131k s\u00f6zc\u00fcs\u00fc, dava hakk\u0131nda yorum yapmaktan ka\u00e7\u0131nm\u0131\u015f ancak &#8220;Ba\u015fsavc\u0131&#8217;n\u0131n, ABD Savc\u0131lar\u0131na vergi m\u00fckelleflerinin dolarlar\u0131n\u0131n herhangi bir k\u00f6t\u00fcye kullan\u0131m\u0131n\u0131n ara\u015ft\u0131r\u0131lmas\u0131na \u00f6ncelik verilmesi talimat\u0131n\u0131 verdi\u011fini&#8221; eklemi\u015ftir.<\/li>\n<li><b>Powell&#8217;\u0131n G\u00f6rev S\u00fcresi:<\/b> Trump taraf\u0131ndan 2017 sonunda Fed ba\u015fkanl\u0131\u011f\u0131na aday g\u00f6sterilen Powell&#8217;\u0131n ba\u015fkanl\u0131k d\u00f6nemi May\u0131s ay\u0131nda sona erecektir. Ancak, Fed Y\u00f6netim Kurulu&#8217;ndaki g\u00f6revi 2028 y\u0131l\u0131na kadar devam etmektedir. Analistler, bu bask\u0131n\u0131n Powell&#8217;\u0131n g\u00f6rev s\u00fcresi bitse bile kurulda kalma olas\u0131l\u0131\u011f\u0131n\u0131 art\u0131rabilece\u011fini d\u00fc\u015f\u00fcnmektedir.<\/li>\n<\/ul>\n<button class=\"simplefavorite-button\" data-postid=\"833\" data-siteid=\"1\" data-groupid=\"1\" data-favoritecount=\"0\" style=\"\">Favorile <i class=<\/button>","protected":false},"excerpt":{"rendered":"<p>Bu metin, **Trump y\u00f6netiminin** Federal Rezerv Ba\u015fkan\u0131 **Jerome Powell**\u2019a y\u00f6nelik ba\u015flatt\u0131\u011f\u0131 tart\u0131\u015fmal\u0131 **adli soru\u015fturmay\u0131** ve bu durumun piyasalardaki yans\u0131malar\u0131n\u0131 ele almaktad\u0131r. H\u00fck\u00fcmetin bir bina restorasyonu \u00fczerinden y\u00f6neltti\u011fi **su\u00e7 duyurusu tehdidi**, uzmanlar ve eski banka ba\u015fkanlar\u0131 taraf\u0131ndan **merkez bankas\u0131 ba\u011f\u0131ms\u0131zl\u0131\u011f\u0131na** a\u00e7\u0131k bir m\u00fcdahale olarak yorumlanmaktad\u0131r. Powell bu hamleyi **faiz politikalar\u0131n\u0131** etkilemeye y\u00f6nelik bir bahane olarak nitelendirirken, yat\u0131r\u0131mc\u0131lar\u0131n artan belirsizlik nedeniyle **hazine tahvillerine** ve alt\u0131na y\u00f6neldi\u011fi g\u00f6r\u00fclmektedir. Senatodaki baz\u0131 Cumhuriyet\u00e7i isimlerin de dahil oldu\u011fu geni\u015f bir kesim, bu bask\u0131n\u0131n **ekonomik istikrar\u0131** ve hukukun \u00fcst\u00fcnl\u00fc\u011f\u00fcn\u00fc tehlikeye att\u0131\u011f\u0131 konusunda uyar\u0131larda bulunmaktad\u0131r. Sonu\u00e7 olarak kaynak, **beyaz saray** ile \u00f6zerk finansal kurumlar aras\u0131ndaki gerilimin ula\u015ft\u0131\u011f\u0131 kritik a\u015famay\u0131 g\u00f6zler \u00f6n\u00fcne sermektedir.<\/p>\n","protected":false},"author":1,"featured_media":834,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-833","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-genel"],"_links":{"self":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/833","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/comments?post=833"}],"version-history":[{"count":2,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/833\/revisions"}],"predecessor-version":[{"id":837,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/833\/revisions\/837"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media\/834"}],"wp:attachment":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media?parent=833"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/categories?post=833"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/tags?post=833"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}