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モルガン・スタンレー:ウォッシュの下での米連邦準備制度の変化は、バランスシートの縮小を通じて現れるだろう

2026-02-02 23:36:55

据金十报道,摩根士丹利在一份报告中表示,在沃什执掌的美联储之下,任何实质性的变化更可能通过资产负债表政策而非利率来逐步显现。缩减美联储资产负债表规模意味着降低银行对准备金的需求,这一过程需要时间,并且还需要对监管框架作出调整。

摩根士丹利补充称,采取更小"存在感"的美联储应会推动收益率曲线趋于陡峭。

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