{"id":70993,"date":"2026-04-30T05:45:13","date_gmt":"2026-04-30T05:45:13","guid":{"rendered":"https:\/\/www.europesays.com\/cz\/70993\/"},"modified":"2026-04-30T05:45:13","modified_gmt":"2026-04-30T05:45:13","slug":"rozpolceny-fed-sazby-beze-zmeny-powell-ale-celi-nejvetsi-opozici-od-devadesatych-let","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/cz\/70993\/","title":{"rendered":"Rozpolcen\u00fd Fed. Sazby beze zm\u011bny, Powell ale \u010del\u00ed nejv\u011bt\u0161\u00ed opozici od devades\u00e1t\u00fdch let"},"content":{"rendered":"<p>Americk\u00e1 centr\u00e1ln\u00ed banka (Fed) podle o\u010dek\u00e1v\u00e1n\u00ed ponechala z\u00e1kladn\u00ed \u00farokovou sazbu beze zm\u011bny v p\u00e1smu 3,50 procenta a\u017e 3,75 procenta. Inflace podle centr\u00e1ln\u00edch bank\u00e9\u0159\u016f z\u016fst\u00e1v\u00e1 zv\u00fd\u0161en\u00e1. V\u00fdbor pro m\u011bnovou politiku byl p\u0159itom ve sv\u00e9m hlasov\u00e1n\u00ed nejrozpolcen\u011bj\u0161\u00ed od roku 1992. Rozhodnut\u00ed podpo\u0159ilo osm \u010dlen\u016f v\u010detn\u011b dosluhuj\u00edc\u00edho p\u0159edsedy Jeroma Powella, \u010dty\u0159i se z r\u016fzn\u00fdch d\u016fvod\u016f postavili proti.<\/p>\n<p>Jeden z guvern\u00e9r\u016f Stephen Miran se vyslovil pro sn\u00ed\u017een\u00ed sazeb o \u010dtvrt procentn\u00edho bodu. Mirana loni v b\u0159eznu do centr\u00e1ln\u00ed banky nominoval prezident Donald Trump, kter\u00fd Fed a Powella dlouhodob\u011b kritizuje za podle jeho m\u00edn\u011bn\u00ed pomal\u00e9 a nedostate\u010dn\u00e9 sni\u017eov\u00e1n\u00ed sazeb. Dal\u0161\u00ed t\u0159i \u010dlenov\u00e9 v\u00fdboru \u2013 Beth Hammackov\u00e1, Neel Kashkari a Lorie Loganov\u00e1 \u2013 sice souhlas\u00ed s ponech\u00e1n\u00edm sazeb, ale postavili se proti zn\u011bn\u00ed prohl\u00e1\u0161en\u00ed, kter\u00e9 nad\u00e1le vyjad\u0159uje tendenci k dal\u0161\u00edmu sni\u017eov\u00e1n\u00ed sazeb v budoucnu.<\/p>\n<p>Aktu\u00e1ln\u00ed ukazatele podle centr\u00e1ln\u00edch bank\u00e9\u0159\u016f nazna\u010duj\u00ed, \u017ee ekonomick\u00e1 aktivita roste stabiln\u00edm tempem. \u201eN\u00e1r\u016fst po\u010dtu pracovn\u00edch m\u00edst z\u016fst\u00e1v\u00e1 v pr\u016fm\u011bru n\u00edzk\u00fd a m\u00edra nezam\u011bstnanosti se v posledn\u00edch m\u011bs\u00edc\u00edch t\u00e9m\u011b\u0159 nezm\u011bnila. Inflace je zv\u00fd\u0161en\u00e1, co\u017e \u010d\u00e1ste\u010dn\u011b odr\u00e1\u017e\u00ed ned\u00e1vn\u00fd r\u016fst sv\u011btov\u00fdch cen energi\u00ed,\u201c stoj\u00ed v prohl\u00e1\u0161en\u00ed.<\/p>\n<p>Nejistota ohledn\u011b ekonomick\u00e9ho v\u00fdhledu<\/p>\n<p>V\u00fdvoj na Bl\u00edzk\u00e9m v\u00fdchod\u011b podle v\u00fdboru p\u0159isp\u00edv\u00e1 k vysok\u00e9 m\u00ed\u0159e nejistoty ohledn\u011b ekonomick\u00e9ho v\u00fdhledu. Mezi c\u00edle Fedu pat\u0159\u00ed dlouhodob\u00e1 m\u00edra inflace dv\u011b procenta a maxim\u00e1ln\u00ed zam\u011bstnanost. Inflace v USA v b\u0159eznu vystoupila na 3,3 procenta, zat\u00edmco m\u00edra nezam\u011bstnanosti pak klesla o 0,1 procentn\u00edho bodu na 4,3 procenta.<\/p>\n<p>\u201eKl\u00ed\u010dov\u00fdm t\u00e9matem z\u016fst\u00e1v\u00e1 pr\u00e1v\u011b inflace, kter\u00e1 se sice postupn\u011b sni\u017eovala, ale vlnou prudk\u00e9ho r\u016fstu cen energi\u00ed a p\u0159edev\u0161\u00edm paliv v reakci na konflikt s \u00cdr\u00e1nem v b\u0159eznu vysko\u010dila. Z\u00e1rove\u0148 americk\u00e1 ekonomika nad\u00e1le vykazuje relativn\u00ed odolnost,\u201c sd\u011blil analytik Portu Luk\u00e1\u0161 Ra\u0161ka. \u201eTrh pr\u00e1ce z\u016fst\u00e1v\u00e1 siln\u00fd a spot\u0159ebitelsk\u00e1 popt\u00e1vka nekles\u00e1 tak rychle, jak se d\u0159\u00edve o\u010dek\u00e1valo. To Fedu komplikuje situaci, proto\u017ee prostor pro sni\u017eov\u00e1n\u00ed sazeb z\u016fst\u00e1v\u00e1 omezen\u00fd,\u201c dodal. Sou\u010dasn\u00e9 nastaven\u00ed m\u011bnov\u00e9 politiky podle n\u011bj nazna\u010duje, \u017ee \u00farokov\u00e9 sazby mohou z\u016fstat na vy\u0161\u0161\u00edch \u00farovn\u00edch d\u00e9le, ne\u017e trhy je\u0161t\u011b na za\u010d\u00e1tku roku o\u010dek\u00e1valy.<\/p>\n<p>Powell z\u016fstane v rad\u011b Fedu i po skon\u010den\u00ed sv\u00e9ho mand\u00e1tu v \u010dele centr\u00e1ln\u00ed banky<\/p>\n<p>P\u0159edseda americk\u00e9 centr\u00e1ln\u00ed banky Jerome Powell po skon\u010den\u00ed mand\u00e1tu hodl\u00e1 z\u016fstat \u010dlenem Rady guvern\u00e9r\u016f Fedu. Podle agentury AP to \u0159ekl dnes na tiskov\u00e9 konferenci po rozhodnut\u00ed Fedu o \u00farokov\u00fdch sazb\u00e1ch. Jako d\u016fvod setrv\u00e1n\u00ed uvedl ned\u00e1vn\u00e9 pr\u00e1vn\u00ed kroky, kter\u00e9 proti Fedu podnikla administrativa prezidenta Donalda Trumpa.<\/p>\n<p>V\u00fdbor pro bankovnictv\u00ed americk\u00e9ho Sen\u00e1tu dnes schv\u00e1lil nominaci Kevina Warshe na nov\u00e9ho \u0161\u00e9fa Fedu. Posunul tak jeho nominaci do dal\u0161\u00ed f\u00e1ze. O definitivn\u00edm potvrzen\u00ed do funkce by mohl rozhodnout Sen\u00e1t ji\u017e p\u0159\u00ed\u0161t\u00ed m\u011bs\u00edc. Powellovo funk\u010dn\u00ed obdob\u00ed v \u010dele instituce kon\u010d\u00ed 15. kv\u011btna, jeho \u010dlenstv\u00ed v Rad\u011b guvern\u00e9r\u016f ale a\u017e v roce 2028. Kon\u010d\u00edc\u00ed p\u0159edsedov\u00e9 v minulosti \u010dasto na \u010dlenstv\u00ed v rad\u011b rezignovali a zbytek obdob\u00ed nedosluhovali.<\/p>\n","protected":false},"excerpt":{"rendered":"Americk\u00e1 centr\u00e1ln\u00ed banka (Fed) podle o\u010dek\u00e1v\u00e1n\u00ed ponechala z\u00e1kladn\u00ed \u00farokovou sazbu beze zm\u011bny v p\u00e1smu 3,50 procenta a\u017e 3,75&hellip;\n","protected":false},"author":2,"featured_media":70994,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[212,8645,12119,23513,98,99,23512],"class_list":{"0":"post-70993","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-praha","8":"tag-donald-trump","9":"tag-federalni-rezervni-system","10":"tag-jerome-powell","11":"tag-neel-kashkari","12":"tag-prague","13":"tag-praha","14":"tag-stephen-miran"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@cz\/116492076509073691","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts\/70993","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/comments?post=70993"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts\/70993\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/media\/70994"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/media?parent=70993"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/categories?post=70993"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/tags?post=70993"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}