{"id":32839,"date":"2025-08-23T01:07:59","date_gmt":"2025-08-22T16:07:59","guid":{"rendered":"https:\/\/yukimama.net\/fks\/?p=32839"},"modified":"2025-08-23T01:11:08","modified_gmt":"2025-08-22T16:11:08","slug":"powell-jhole","status":"publish","type":"post","link":"https:\/\/yukimama.net\/fks\/powell-jhole\/","title":{"rendered":"\u3010\u30b8\u30e3\u30af\u30bd\u30f3\u30db\u30fc\u30eb\u89e3\u8aac\u3011\u30d1\u30a6\u30a8\u30eb\u8b1b\u6f14\u306f\u672c\u5f53\u306b\u30cf\u30c8\u6d3e\uff1f9\u6708\u306e\u76f8\u5834\u3092\u63fa\u308b\u304c\u30593\u5927\u30a4\u30d9\u30f3\u30c8\u3068\u6295\u8cc7\u6226\u7565\/8\u670823\u65e5"},"content":{"rendered":"\u524d\u65e5\u306bFRB\u30e1\u30f3\u30d0\u30fc\u304b\u3089\u30bf\u30ab\u6d3e\u7684\u306a\u610f\u898b\u304c\u7d9a\u3044\u3066\u3044\u305f\u3053\u3068\u3082\u3042\u308a\u3001\u30d1\u30a6\u30a8\u30ebFRB\u8b70\u9577\u306e\u767a\u8a00\u306f\u30cf\u30c8\u6d3e\u306b\u898b\u3048\u305f\u3068\u3044\u3046\u3053\u3068\u306a\u306e\u3067\u3057\u3087\u3046\u3002<br 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class=\"bd-yellow\">9\u6708\u306e\u5229\u4e0b\u3052\u3092\u5426\u5b9a\u3057\u306a\u304b\u3063\u305f\u3068\u3044\u3046\u70b9\u306b\u304a\u3044\u3066\u3082\u3001\u30d1\u30a6\u30a8\u30eb\u8b70\u9577\u306e\u8b1b\u6f14\u306f\u30cf\u30c8\u6d3e\u7684\u306a\u5370\u8c61\u306b\u306a\u308a\u3084\u3059\u3044<\/span><\/span>\u3068\u8a00\u3048\u307e\u3059\u3002<br \/>\r\n<br \/>\r\n<span class=\"b\">\u25a0\u30d1\u30a6\u30a8\u30ebFRB\u8b70\u9577\u306e\u8b1b\u6f14\u539f\u7a3f<span class=\"red\">\u2192<\/span><\/span><a href=\"https:\/\/www.federalreserve.gov\/newsevents\/speech\/powell20250822a.htm\">Monetary Policy and the Fed\u2019s Framework Review<\/a><br \/>\r\n<br \/>\r\n\u539f\u7a3f\u3067\u306f\u3001<span 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https:\/\/yukimama.net\/fks\/wp-content\/uploads\/2025\/08\/spynas2-450x266.png 450w, https:\/\/yukimama.net\/fks\/wp-content\/uploads\/2025\/08\/spynas2-1024x605.png 1024w, https:\/\/yukimama.net\/fks\/wp-content\/uploads\/2025\/08\/spynas2-260x154.png 260w, https:\/\/yukimama.net\/fks\/wp-content\/uploads\/2025\/08\/spynas2-768x454.png 768w, https:\/\/yukimama.net\/fks\/wp-content\/uploads\/2025\/08\/spynas2-1536x907.png 1536w, https:\/\/yukimama.net\/fks\/wp-content\/uploads\/2025\/08\/spynas2-900x532.png 900w\" sizes=\"auto, (max-width: 1964px) 100vw, 1964px\" 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class=\"b\"><span class=\"bd-yellow\">FRB\u306e\u5229\u4e0b\u3052or\u65e5\u9280\u306e\u5229\u4e0a\u3052\u304c\u7d99\u7d9a\u3057\u306a\u3044\u9650\u308a\u306f\u3001\u305d\u3046\u305d\u30461\u30c9\u30eb\uff1d140\u5186\u3092\u5272\u308a\u8fbc\u3093\u3067\u3044\u304f\u53ef\u80fd\u6027\u306f\u4f4e\u304f\u3001\u3069\u3061\u3089\u304b\u3068\u3044\u3046\u3068FRB\u30fb\u65e5\u9280\u53cc\u65b9\u306e\u91d1\u5229\u653f\u7b56\u306e\u6301\u7d9a\u6027\u304c\u306a\u304f\u306a\u3063\u3066\u304f\u308b\u306b\u3064\u308c\u3066\u3001\u7d50\u5c40\u3001\u30c9\u30eb\u5186\u306f\u4e0a\u6607\u3059\u308b<\/span><\/span>\u3088\u3046\u306b\u601d\u3044\u307e\u3059\u3002<br \/>\r\n<br 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\/>\r\n\u30fb\u305d\u306e\u7d50\u679c\u3001\u7c73\u56fd\u682a\u306f\u6025\u9a30\u3001\u70ba\u66ff\u306f\u30c9\u30eb\u5b89\u306b\u632f\u308c\u3001\u30c9\u30eb\u5186\u306f147\u5186\u3092\u5272\u308a\u8fbc\u3080<br \/>\r\n\u30fb\u4e00\u65b9\u30679\u6708\u306f\u682a\u4fa1\u304c\u4e0b\u304c\u308a\u3084\u3059\u3044\u5b63\u7bc0<br \/>\r\n\u30fb\u91cd\u8981\u30a4\u30d9\u30f3\u30c8\u304c\u96c6\u4e2d\uff1a\u30a8\u30cc\u30d3\u30c7\u30a3\u30a2\u6c7a\u7b97\u3001\u7c73\u96c7\u7528\u7d71\u8a08\u3001\u65e5\u7c73\u306e\u91d1\u878d\u653f\u7b56\u767a\u8868\u306a\u3069<br \/>\r\n\u30fb\u4eca\u5f8c\u306e\u7126\u70b9\u306e1\u3064\u306b\u300e9\u6708\u4ee5\u964d\u306e\u5229\u4e0b\u3052\u30da\u30fc\u30b9\u300f<br \/>\r\n\u30fb<span class=\"b\">\u7d4c\u6e08\u6307\u6a19\u6b21\u7b2c\u3067\u306f\u5229\u4e0b\u3052\u89b3\u6e2c\u304c\u5f8c\u9000\u3057\u3001\u682a\u4fa1\u306e\u8abf\u6574\u3084\u30c9\u30eb\u306e\u8cb7\u3044\u623b\u3057\u304c\u8d77\u3053\u308b\u53ef\u80fd\u6027<\/span><br \/>\r\n<br \/>\r\n\u3068\u308a\u3042\u3048\u305a\u3001\u3053\u3093\u306a\u3068\u3053\u308d\u3067\u3057\u3087\u3046\u304b\u3002\u7279\u6bb5\u3069\u3046\u3053\u3046\u3068\u3044\u3046\u3053\u3068\u306f\u306a\u3044\u306e\u3067\u3001\u5f15\u304d\u7d9a\u304d\u8cb7\u3044\u5834\u3092\u63a2\u3063\u3066\u3044\u304d\u307e\u3057\u3087\u3046\u3002\u3082\u3061\u308d\u3093\u3001<span class=\"b\">\u30ce\u30fc\u30dd\u30b8\u3001\u65b0\u898f\u52e2\u306f\u4eca\u9031\u306e\u3088\u3046\u306b\u9023\u65e5\u306e\u4e0b\u3052\u304c\u3042\u308c\u3070\u65b0\u898f\u3067\u8cb7\u3046\u30bf\u30a4\u30df\u30f3\u30b0<\/span>\u306b\u306a\u308a\u307e\u3059\u3002<br \/>\r\n<br \/>\r\n\u30c1\u30e3\u30f3\u30b9\u306f\u4e00\u77ac\u3067\u7d42\u308f\u3063\u3066\u3057\u307e\u3046\u5834\u5408\u3082\u3042\u308b\u306e\u3067\u3001\u4eca\u306e\u3046\u3061\u304b\u3089\u3057\u3063\u304b\u308a\u53e3\u5ea7\u3092\u958b\u8a2d\u3057\u3066\u7528\u610f\u3057\u3066\u304a\u304d\u307e\u3057\u3087\u3046\u3002<br \/>\r\n<br \/>\r\n<span class=\"b\">\u53e3\u5ea7\u958b\u8a2d\u306f\u7121\u6599\u3067\u3001\u30b9\u30de\u30fc\u30c8\u30d5\u30a9\u30f3\u304b\u3089\u6700\u77ed5\u5206\u3067\u5b8c\u4e86<\/span>\u3057\u307e\u3059\u3002\u307e\u305a\u306f\u516c\u5f0f\u30b5\u30a4\u30c8\u3092\u30c1\u30a7\u30c3\u30af\u3057\u3066\u3001\u6765\u308b\u3079\u304d\u30c1\u30e3\u30f3\u30b9\u306b\u5099\u3048\u307e\u3057\u3087\u3046&#x1f44d;<br \/>\r\n<h4 id=\"e697a5e7b58ce5b9b3e59d87e38292e694bbe795a5efbc81gmoe382afe383aae38383e382afe8a8bce588b8-pr-3\">\u65e5\u7d4c\u5e73\u5747\u3092\u653b\u7565\uff01GMO\u30af\u30ea\u30c3\u30af\u8a3c\u5238\/PR<\/h4><a href=\"https:\/\/h.accesstrade.net\/sp\/cc?rk=0100pgz8008b1t\" rel=\"nofollow\" referrerpolicy=\"no-referrer-when-downgrade\">GMO\u30af\u30ea\u30c3\u30af\u8a3c\u5238<\/a>\u306f<span class=\"b\"><span class=\"bd-yellow\">\u65e5\u672c\u682a\u5f0f\u3001FX\u3001\u5546\u54c1\u3001CFD\u306a\u3069\u3001\u5e45\u5e83\u3044\u91d1\u878d\u5546\u54c1\u30921\u3064\u306e\u53e3\u5ea7\u3067\u30ab\u30d0\u30fc\u3057\u3066\u304f\u308c\u308b\u4fbf\u5229\u306a\u7dcf\u5408\u53e3\u5ea7<\/span><\/span>\u3067\u3059\u3002\u6700\u8fd1\u306e\u6025\u9a30\u30fb\u6025\u843d\u76f8\u5834\u306b\u306f\u3001\u3053\u306e\u7dcf\u5408\u53e3\u5ea7\u3092\u958b\u8a2d\u3057\u3066\u52b9\u7387\u7684\u306a\u30c8\u30ec\u30fc\u30c9\u3092\u3057\u307e\u3057\u3087\u3046\u3002<br \/>\r\n<br \/>\r\n\u65e5\u672c225\uff08\u65e5\u7d4c\u5e73\u5747\uff09\u306e\u6307\u6570\u30c8\u30ec\u30fc\u30c9\u306f\u30014,200\u5186\u304b\u3089\u306a\u306e\u3067\u5c11\u306a\u3044\u8cc7\u91d1\u3067\u3082\u5341\u5206\u5229\u76ca\u3092\u5f97\u308b\u3053\u3068\u304c\u53ef\u80fd\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u3002<br \/>\r\n<br \/>\r\n\u3055\u3089\u306b\u3001<span class=\"b\">9\u67081\u65e5\u304b\u3089\u306f\u682a\u5f0f\uff08\u73fe\u7269\u30fb\u4fe1\u7528\uff09\u3001\u6295\u8cc7\u4fe1\u8a17\u306e\u53d6\u5f15\u624b\u6570\u6599\u304c\u6761\u4ef6\u306a\u3057\u3067<span class=\"red\">\u5b8c\u5168\u7121\u6599\u5316\uff080\u5186\uff09<\/span><\/span>\u3068\u306a\u308a\u3001\u65e5\u672c\u682a\u3092\u53d6\u5f15\u3059\u308b\u306a\u3089\u30d9\u30b9\u30c8\u306a\u4f1a\u793e\u3068\u8a00\u3048\u308b\u3067\u3057\u3087\u3046&#x1f447;<br \/>\r\n<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/yukimama.net\/fks\/wp-content\/uploads\/2025\/08\/gmozero.png\" alt=\"\" width=\"1582\" height=\"656\" class=\"alignnone size-full wp-image-32755\" srcset=\"https:\/\/yukimama.net\/fks\/wp-content\/uploads\/2025\/08\/gmozero.png 1582w, https:\/\/yukimama.net\/fks\/wp-content\/uploads\/2025\/08\/gmozero-450x187.png 450w, https:\/\/yukimama.net\/fks\/wp-content\/uploads\/2025\/08\/gmozero-1024x425.png 1024w, https:\/\/yukimama.net\/fks\/wp-content\/uploads\/2025\/08\/gmozero-260x108.png 260w, https:\/\/yukimama.net\/fks\/wp-content\/uploads\/2025\/08\/gmozero-768x318.png 768w, https:\/\/yukimama.net\/fks\/wp-content\/uploads\/2025\/08\/gmozero-1536x637.png 1536w, https:\/\/yukimama.net\/fks\/wp-content\/uploads\/2025\/08\/gmozero-900x373.png 900w\" sizes=\"auto, (max-width: 1582px) 100vw, 1582px\" \/>&#x2714;&#xfe0f;<span class=\"b\">\u696d\u754c\u6700\u72ed\u6c34\u6e96\u30b9\u30d7\u30ec\u30c3\u30c9<\/span>\uff08\u30c9\u30eb\u51860.2\u92ad\/\u539f\u5247\u56fa\u5b9a\u30fb\u4f8b\u5916\u3042\u308a\uff09<br \/>\r\n&#x2714;&#xfe0f;<span class=\"b\">\u56fd\u5185\u5e97\u982dCFD\u53d6\u5f15\u9ad811\u5e74\u9023\u7d9aNo.1<\/span><br \/>\r\n&#x2714;&#xfe0f;<span class=\"b\">\u4f8b\u3048\u3070\u30a8\u30cc\u30d3\u682aCFD\u306a\u3089\u8a3c\u62e0\u91d14,800\u5186\u301c<\/span>\uff081\u682a\/\u30ec\u30d0\u30ec\u30c3\u30b85\u500d\uff09<br \/>\r\n<span class=\"red\">\u2192<\/span>\u201c\u682a\u4fa1\u304c\u4e0b\u304c\u3063\u305f\u6642\u306b\u5229\u76ca\u3092\u72d9\u3048\u308b\u201d \u58f2\u308a\u30dd\u30b8\u30b7\u30e7\u30f3\u306b\u3082\u5bfe\u5fdc&#x1f447;<br \/>\r\n<a href=\"https:\/\/h.accesstrade.net\/sp\/cc?rk=0100kax6008b1t\" rel=\"nofollow\" referrerpolicy=\"no-referrer-when-downgrade\"><img decoding=\"async\" src=\"https:\/\/h.accesstrade.net\/sp\/rr?rk=0100kax6008b1t\" alt=\"GMO\u30af\u30ea\u30c3\u30af\u8a3c\u5238\u3010FX\u30cd\u30aa\u3011\u53e3\u5ea7\u958b\u8a2d\" border=\"0\" \/><\/a><br \/>\r\n<div id=\"talk-z3uw\" class=\"dp_sc_talk clearfix\"><figure class=\"talk_avatar square left has_name\" style=\"width:80px;height:80px;\"><div class=\"cover_img\" style=\"background-image:url('https:\/\/yukimama.net\/fks\/wp-content\/uploads\/2024\/03\/\u3086\u304d\u30de\u30de\u3000\u559c.png');\"><\/div><figcaption class=\"avatar_name\">\u3086\u304d\u30de\u30de<\/figcaption><\/figure><div class=\"talk_words left\" style=\"width:calc(100% - 100px);background-color:#ffeff4;\">\u79c1\u3082FX\u3084\u682a\u4fa1\u6307\u6570\u306e\u77ed\u671f\u30c8\u30ec\u30fc\u30c9\u3067\u4f7f\u3063\u3066\u307e\u3059\uff01\u6301\u3063\u3066\u3066\u640d\u306e\u306a\u3044\u7dcf\u5408\u53e3\u5ea7!!<\/div><\/div><style>#talk-z3uw .talk_words:after{border-color:transparent #ffeff4 transparent transparent;}<\/style><div style=\"text-align: center;\"><span class=\"b\"><span class=\"marker_Gold\">\u25bc\u30d6\u30ed\u30b0\u9650\u5b9a\uff014,000\u5186\u30ad\u30e3\u30c3\u30b7\u30e5\u30d0\u30c3\u30af\u7279\u5178<\/span><\/span><br><a href=\"https:\/\/h.accesstrade.net\/sp\/cc?rk=0100pgz8008b1t\" rel=\"nofollow\" referrerpolicy=\"no-referrer-when-downgrade\" class = \"btn btn-blue\"><span class=\"b\">GMO\u30af\u30ea\u30c3\u30af\u8a3c\u5238\u3067\u30c1\u30e3\u30f3\u30b9\u306b\u5099\u3048\u308b\uff01<\/span><\/a><\/div>&#x26a0;&#xfe0f;<span class=\"b\">FX\u53e3\u5ea7\u306f\u6700\u77ed30\u5206\u3067\u53e3\u5ea7\u958b\u8a2d\u304c\u5b8c\u4e86\u3057\u307e\u3059\uff01<\/span>\u307e\u305a\u306fFX\u53e3\u5ea7\u3092\u958b\u8a2d\u5f8c\u3001\u30ed\u30b0\u30a4\u30f3\u3057\u3066CFD\u3084NISA\u53e3\u5ea7\u306a\u3069\u3001\u81ea\u5206\u306b\u5fc5\u8981\u306a\u53e3\u5ea7\u3092\u8ffd\u52a0\u3059\u308b\u3068\u30b9\u30e0\u30fc\u30ba\u3067\u826f\u3044\u3067\u3059&#x2b55;&#xfe0f;<br \/>\r\n<h4 id=\"e5b086e69da5e381aee58686e5ae89e381abe58299e38188e381a6e7b1b3e59bbde6a0aae68a95e8b387e381aae38289e69dbee4ba95e8a8bce588b8-pr-4\">\u5c06\u6765\u306e\u5186\u5b89\u306b\u5099\u3048\u3066\u7c73\u56fd\u682a\u6295\u8cc7\u306a\u3089\u677e\u4e95\u8a3c\u5238\/PR<\/h4>\u5186\u5b89\u306b\u5099\u3048\u3001\u30c9\u30eb\u5efa\u3066\u8cc7\u7523\u306f\u5fc5\u9808\uff01<a href=\"https:\/\/h.accesstrade.net\/sp\/cc?rk=0100pm6t00gz8r\" rel=\"nofollow\" referrerpolicy=\"no-referrer-when-downgrade\">\u677e\u4e95\u8a3c\u5238<\/a>\u306f\u3001\u70ba\u66ff\u624b\u6570\u6599\u304c\u5f80\u5fa9\uff08\u30c9\u30eb\u21c4\u5186\uff09\u3067\u7121\u6599\u306a\u306e\u304c\u5b09\u3057\u3044\u3067\u3059\u3002\u305f\u3068\u3048\u3070\u3001\u30de\u30cd\u30c3\u30af\u30b9\u8a3c\u5238\u306a\u3069\u306f\u7c73\u30c9\u30eb\u304b\u3089\u65e5\u672c\u5186\u306b\u4e21\u66ff\u3059\u308b\u969b\u306f1\u30c9\u30eb\u3042\u305f\u308a25\u92ad\u306e\u624b\u6570\u6599\u304c\u304b\u304b\u308a\u307e\u3059\u3002\u3064\u307e\u308a\u3001<span class=\"b\">\u677e\u4e95\u8a3c\u5238\u4ee5\u5916\u3060\u30681\u4e07\u30c9\u30eb\uff08\u7d04140\u4e07\u5186\uff09\u306e\u4e21\u66ff\u306b<span class=\"red\">2,500\u5186<\/span>\u3082\u304b\u304b\u3063\u3066\u3057\u307e\u3046<\/span>\u3053\u3068\u304c\u3002<br \/>\r\n<br \/>\r\n\u307e\u305f\u3001<span class=\"b\">\u4fe1\u8a17\u5831\u916c\u624b\u6570\u6599\u306e\u4f4e\u3044<span class=\"blue\">\u300eSBI\u30fbi\u30b7\u30a7\u30a2\u30fc\u30ba\u30fb\u30b4\u30fc\u30eb\u30c9\u300f<\/span>\u3092\u9078\u629e\u3067\u304d\u308b\u6570\u5c11\u306a\u3044\u4f1a\u793e<\/span>\u306a\u306e\u3067\u3001NISA\u3067\u30b4\u30fc\u30eb\u30c9\u6295\u8cc7\u3059\u308b\u5834\u5408\u3082\u3001\u305c\u3072\u6301\u3063\u3066\u304a\u304d\u305f\u3044\u8b1b\u5ea7\u3068\u306a\u308a\u307e\u3059\u3002<br \/>\r\n<br \/>\r\n&#x2714;<span class=\"b\">NISA\u53e3\u5ea7\u306f\u58f2\u8cb7\u624b\u6570\u6599\u7121\u6599<\/span><br \/>\r\n<span class=\"red\">\u2192<\/span>\u3057\u304b\u3082\u70ba\u66ff\u624b\u6570\u6599\u3067\u30de\u30cd\u30c3\u30af\u30b9\u8a3c\u5238\u3088\u308a2,500\u5186\uff081\u4e07\u30c9\u30eb\u3042\u305f\u308a\uff09\u304a\u5f97<br \/>\r\n&#x2714;<span class=\"b\">\u30dc\u30c3\u30af\u30b9\u30ec\u30fc\u30c8\u3067\u4e00\u822c\u53e3\u5ea7\u30821\u65e550\u4e07\u5186\u307e\u3067\u7121\u6599<\/span><br \/>\r\n&#x2714;<span class=\"b\">25\u6b73\u4ee5\u4e0b\u306a\u3089\u4e00\u822c\u8b1b\u5ea7\u3067\u3082\u682a\u5f0f\u53d6\u5f15\u624b\u6570\u6599\u304c\u7121\u6599<\/span><br \/>\r\n&#x2714;<span class=\"b\">\u6295\u8cc7\u4fe1\u8a17\u6b8b\u9ad8\u306b\u5fdc\u3058\u305f\u6700\u59271\uff05\u30dd\u30a4\u30f3\u30c8\u9084\u5143<\/span><br \/>\r\n<a href=\"https:\/\/h.accesstrade.net\/sp\/cc?rk=0100pm6t00gz8r\" rel=\"nofollow\" referrerpolicy=\"no-referrer-when-downgrade\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/yukimama.net\/fks\/wp-content\/uploads\/2024\/09\/usstock02_sp_728-90.jpg\" alt=\"\" width=\"728\" height=\"90\" class=\"alignnone size-full wp-image-30436\" srcset=\"https:\/\/yukimama.net\/fks\/wp-content\/uploads\/2024\/09\/usstock02_sp_728-90.jpg 728w, https:\/\/yukimama.net\/fks\/wp-content\/uploads\/2024\/09\/usstock02_sp_728-90-450x56.jpg 450w, https:\/\/yukimama.net\/fks\/wp-content\/uploads\/2024\/09\/usstock02_sp_728-90-260x32.jpg 260w\" sizes=\"auto, (max-width: 728px) 100vw, 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