{"id":40446,"date":"2026-01-31T19:26:17","date_gmt":"2026-02-01T00:26:17","guid":{"rendered":"https:\/\/koreatimesphila.com\/?p=40446"},"modified":"2026-01-31T19:26:19","modified_gmt":"2026-02-01T00:26:19","slug":"%ec%9b%8c%ec%8b%9c-%ec%97%b0%ec%a4%80%ec%9d%98%ec%9e%a5-%ed%9b%84%eb%b3%b4-%ec%9d%b8%ec%a4%80%eb%8f%bc%eb%8f%84-%eb%8b%ac%ec%84%b1-%ec%96%b4%eb%a0%a4%ec%9a%b4-3%ea%b0%80%ec%a7%80-%ec%9e%84","status":"publish","type":"post","link":"https:\/\/koreatimesphila.com\/en\/%ec%9b%8c%ec%8b%9c-%ec%97%b0%ec%a4%80%ec%9d%98%ec%9e%a5-%ed%9b%84%eb%b3%b4-%ec%9d%b8%ec%a4%80%eb%8f%bc%eb%8f%84-%eb%8b%ac%ec%84%b1-%ec%96%b4%eb%a0%a4%ec%9a%b4-3%ea%b0%80%ec%a7%80-%ec%9e%84\/","title":{"rendered":"\u201c\uc6cc\uc2dc \uc5f0\uc900\uc758\uc7a5 \ud6c4\ubcf4, \uc778\uc900\ub3fc\ub3c4 \ub2ec\uc131 \uc5b4\ub824\uc6b4 3\uac00\uc9c0 \uc784\ubb34 \uc9c1\uba74\u201d"},"content":{"rendered":"\n

\u25b6 WSJ \u201c\uc5f0\uc900 \ub300\ucc28\ub300\uc870\ud45c \ucd95\uc18c \uc8fc\uc7a5\u2026\uc2dc\uc7a5 \ubd88\uc548 \ucd08\ub798\uc5c6\uc774 \ub2ec\uc131 \uc5b4\ub824\uc6cc\u201d<\/p>\n\n\n\n

\u25b6 \u201c\uc8fc\ub958\uacbd\uc81c\ud559 \ud3c4\ud558, \ub0b4\ubd80\uc124\ub4dd \uc5b4\ub835\uac8c \ud574\u2026\uc5f0\uc900 \ub3c5\ub9bd\uc131 \uc720\uc9c0\ub3c4 \uc27d\uc9c0 \uc54a\uc544\u201d<\/p>\n\n\n\n

\"\u201c\uc6cc\uc2dc<\/p>\n\n\n\n

\ucf00\ube48 \uc6cc\uc2dc \uc5f0\uc900 \uc758\uc7a5 \ud6c4\ubcf4 \uc9c0\uba85\uc790 [\ub85c\uc774\ud130]\n\n\n\n

\ucc28\uae30 \uc5f0\ubc29\uc900\ube44\uc81c\ub3c4(Fed\u00b7\uc5f0\uc900) \uc758\uc7a5 \ud6c4\ubcf4\ub85c \uc9c0\uba85\ub41c \ucf00\ube48 \uc6cc\uc2dc \uc804 \uc5f0\uc900 \uc774\uc0ac\uac00 \uc758\ud68c \uc778\uc900\uc744 \ubb34\uc0ac\ud788 \ud1b5\uacfc\ud558\ub354\ub77c\ub3c4 \ub2ec\uc131\ud558\uae30 \uc27d\uc9c0 \uc54a\uc740 3\uac00\uc9c0 \ud575\uc2ec \uacfc\uc81c\uc5d0 \uc9c1\uba74\ud574 \uc788\ub2e4\uace0 \uc6d4\uc2a4\ud2b8\ub9ac\ud2b8\uc800\ub110(WSJ)\uc774 31\uc77c \ubd84\uc11d\ud588\ub2e4.<\/p>\n\n\n\n

\ubcf4\ub3c4\uc5d0 \ub530\ub974\uba74 \uc6cc\uc2dc \ud6c4\ubcf4\uc790\ub294 \uc5f0\uc900 \uc758\uc7a5\uc73c\ub85c \uc784\uba85\ub420 \uacbd\uc6b0 \uc2dc\uc7a5 \ubd88\uc548 \uc5c6\uc774 \uc5f0\uc900\uc758 \ub300\ucc28\ub300\uc870\ud45c\ub97c \ub300\ud3ed \ucd95\uc18c\ud558\uace0, \uc778\ud50c\ub808\uc774\uc158\uc744 \uc5f0\uc900 \ubaa9\ud45c\uc778 2% \uc218\uc900\uc73c\ub85c \ub0ae\ucd94\uba70, \uc774 \uacfc\uc815\uc5d0\uc11c \ub3c4\ub110\ub4dc \ud2b8\ub7fc\ud504 \ubbf8 \ub300\ud1b5\ub839\uc758 \uac04\uc12d\uc73c\ub85c\ubd80\ud130 \uc5f0\uc900 \ub3c5\ub9bd\uc131\uc744 \uc9c0\ucf1c\ub0b4\uc57c \ud558\ub294 \uacfc\uc81c\ub97c \ub9de\ub2e5\ub728\ub9b4 \uc804\ub9dd\uc774\ub2e4.<\/p>\n\n\n\n

WSJ\uc740 “\uc774 \ubaa8\ub4e0 \uacfc\uc81c\ub294 \uac89\ubcf4\uae30\ubcf4\ub2e4 \ud6e8\uc52c \uc5b4\ub824\uc6b8 \uac83”\uc774\ub77c\uace0 \uc9c0\uc801\ud588\ub2e4.<\/p>\n\n\n\n

<\/a><\/a><\/a><\/a><\/a><\/a><\/a><\/a><\/a><\/a><\/a><\/a><\/a><\/a><\/a><\/p>\n\n\n\n

\uc6cc\uc2dc \ud6c4\ubcf4\uc790\ub294 \uc5f0\uc900\uc758 \uc591\uc801\uc644\ud654(QE)\uac00 \uc790\uc758\uc801\uc778 \uc2e0\uc6a9 \ubc30\ubd84\uc73c\ub85c \uc2dc\uc7a5\uc758 \uc2e0\ud638\ub97c \uc65c\uace1\uc2dc\ucf30\uace0, \uacfc\ub3c4\ud55c \uc815\ubd80\ubd80\ucc44\ub97c \uac00\ub2a5\ud558\uac8c \ud588\ub2e4\uba70 ‘\uc5f0\uc900\uc758 \uc2ac\ub9bc\ud654’\ub97c \uc8fc\uc7a5\ud574\uc654\ub2e4.<\/p>\n\n\n\n

\uc774\uc640 \uad00\ub828, \uc6cc\uc2dc \ud6c4\ubcf4\uc790\ub294 \uc9c0\ub09c\ud574 4\uc6d4 \uad6d\uc81c\ud1b5\ud654\uae30\uae08(IMF) \uc5f0\uc124\uc5d0\uc11c “\uc5f0\uc900\uc774 \ud589\ub3d9\uc5d0 \ub098\uc124 \ub54c\ub9c8\ub2e4 \uadf8 \uaddc\ubaa8\uc640 \ubc94\uc704\uac00 \ud655\ub300\ub418\uba74\uc11c \ub2e4\ub978 \uac70\uc2dc\uacbd\uc81c \uc601\uc5ed\uc744 \ub354\uc6b1 \uce68\ubc94\ud558\uac8c \ub41c\ub2e4”\uba70 “\ub354 \ub9ce\uc740 \ubd80\ucc44\uac00 \ub204\uc801\ub418\uace0, \ub354 \ub9ce\uc740 \uc790\ubcf8\uc774 \uc798\ubabb \ubc30\ubd84\ub41c\ub2e4”\ub77c\uace0 \uc9c0\uc801\ud588\ub2e4.<\/p>\n\n\n\n

\uc774\uc5b4 “\ubbf8\ub798 \ucda9\uaca9\uc758 \uc704\ud5d8\uc740 \uc99d\ud3ed\ub418\uba70 \uc5f0\uc900\uc740 \ub2e4\uc74c\ubc88\uc5d0 \ud6e8\uc52c \ub354 \uacf5\uaca9\uc801\uc73c\ub85c \ud589\ub3d9\ud574\uc57c \ud558\ub294 \uc555\ubc15\uc744 \ubc1b\uac8c \ub41c\ub2e4”\ub77c\uace0 \ube44\ud310\ud588\ub2e4.<\/p>\n\n\n\n

\uc6cc\uc2dc \ud6c4\ubcf4\uc790\ub294 \uc5f0\uc900 \uc774\uc0ac \uc7ac\uc784 \ub2f9\uc2dc\uc778 2010\ub144 11\uc6d4 \uc5f0\uc900\uc774 2\ucc28 \uc591\uc801\uc644\ud654(QE) \uc870\uce58\ub97c \uacb0\uc815\ud560 \ub2f9\uc2dc \uc5f0\uc900 \uc774\uc0ac\ud68c \uba64\ubc84 \uac00\uc6b4\ub370 \uc720\uc77c\ud558\uac8c \uc591\uc801\uc644\ud654\uac00 \uc778\ud50c\ub808\uc774\uc158\uc744 \uc57c\uae30\ud560 \uc218 \uc788\ub2e4\uba70 \ube44\ud310\uc801\uc778 \uacac\ud574\ub97c \ud45c\uba85\ud558\uae30\ub3c4 \ud588\ub2e4.<\/p>\n\n\n\n

\uc591\uc801\uc644\ud654 \uc9c0\uc18d \ub4f1\uc744 \ub458\ub7ec\uc2fc \ubca4 \ubc84\ub0c9\ud0a4 \ub2f9\uc2dc \uc5f0\uc900 \uc758\uc7a5\uacfc\uc758 \uacac\ud574\ucc28\ub294 \uc6cc\uc2dc\uac00 \uc5f0\uc900 \uc774\uc0ac \uc784\uae30\ub97c 7\ub144 \ub354 \ub0a8\uaca8\ub450\uace0 2011\ub144 \uc804\uaca9 \uc0ac\uc784\ud55c \ubd80\ubd84\uc801\uc778 \ubc30\uacbd\uc774 \ub410\ub2e4.<\/p>\n\n\n\n

\uc5f0\uc900\uc740 \uc774\ud6c4 \ud32c\ub370\ubbf9 \ub300\uc751 \uacfc\uc815\uc5d0\uc11c \ub610\ub2e4\uc2dc \uc7a5\uae30\ucc44\ub97c \ub9e4\uc785\ud558\ub294 \ub300\uaddc\ubaa8 \uc591\uc801\uc644\ud654 \uc870\uce58\ub97c \ub2e8\ud589\ud588\uace0, \uadf8 \uacb0\uacfc \uc5f0\uc900\uc758 \ubcf4\uc720\uc790\uc0b0\uc740 200\ub144 9\ucc9c\uc5b5 \ub2ec\ub7ec\uc5d0\uc11c 2022\ub144 9\uc870 \ub2ec\ub7ec\ub85c \uae09\uaca9\ud788 \ubd88\uc5b4\ub0ac\ub2e4.<\/p>\n\n\n\n

\uc5f0\uc900\uc758 \uc591\uc801\uae34\ucd95(QT\u00b7\ub300\ucc28\ub300\uc870\ud45c \ucd95\uc18c) \uc815\ucc45\uc5d0 \ub530\ub77c \ubcf4\uc720 \uc790\uc0b0\uc740 6\uc8706\ucc9c\uc5b5 \ub2ec\ub7ec \uc218\uc900\uc73c\ub85c \uc904\uc5c8\uc9c0\ub9cc, \uc5ec\uc804\ud788 \uacfc\uac70\uc640 \ube44\uad50\ud574 \ube44\ub300\ud574\uc9c4 \uc0c1\ud0dc\ub2e4.<\/p>\n\n\n\n

\uc6cc\uc2dc \ud6c4\ubcf4\uc790\ub294 \uc9c0\ub09c\ud574 11\uc6d4 WSJ\uc5d0 \uae30\uace0\ud55c ‘\uc5f0\uc900\uc758 \uace0\uc7a5 \ub09c \ub9ac\ub354\uc2ed’ \uc81c\ubaa9\uc758 \uce7c\ub7fc\uc5d0\uc11c “\uc778\ud50c\ub808\uc774\uc158\uc740 \uc120\ud0dd”\uc774\ub77c\uba74\uc11c \uc5f0\uc900\uc774 \uacfc\uac70 \uc704\uae30 \ub300\uc751 \uacfc\uc815\uc5d0\uc11c \uc313\uc740 \ub9c9\ub300\ud55c \ub300\ucc28\ub300\uc870\ud45c \uc790\uc0b0\uc744 \ucd95\uc18c\ud560 \uacbd\uc6b0 \uae30\uc900\uae08\ub9ac\ub97c \ub354 \ub0ae\uac8c \uc720\uc9c0\ud560 \uc5ec\ub825\uc744 \ub9cc\ub4e4\uc5b4 \ub0bc \uc218 \uc788\ub2e4\uace0 \uc8fc\uc7a5\ud558\uae30\ub3c4 \ud588\ub2e4.<\/p>\n\n\n\n

\ubb38\uc81c\ub294 \uc2dc\uc7a5\uc5d0 \ucda9\uaca9\uc744 \uc8fc\uc9c0 \uc54a\uace0\uc11c \uc5f0\uc900\uc758 \ub300\ucc28\ub300\uc870\ud45c \ucd95\uc18c\uac00 \uc27d\uc9c0 \uc54a\ub2e4\ub294 \uc810\uc5d0 \uc788\ub2e4.<\/p>\n\n\n\n

\uc5f0\uc900\uc740 \ud32c\ub370\ubbf9 \ucda9\uaca9\uc5d0\uc11c \ubc97\uc5b4\ub09c \ud6c4 \ubcf4\uc720 \uc911\uc778 \ucc44\uad8c\uc744 \ub9e4\uac01\ud558\uac70\ub098 \ub9cc\uae30 \ud6c4 \uc7ac\ud22c\uc790\ud558\uc9c0 \uc54a\ub294 \uc2dd\uc73c\ub85c \uc2dc\uc911 \uc720\ub3d9\uc131\uc744 \ud761\uc218\ud574\uc654\ub294\ub370, \uc791\ub144 \ub9d0 \uc790\uae08\uc2dc\uc7a5\uc5d0\uc11c \ubd88\uc548\uac10\uc774 \uc870\uc131\ub418\uba74\uc11c \uc791\ub144 12\uc6d4 1\uc77c \ub300\ucc28\ub300\uc870\ud45c \ucd95\uc18c\ub97c \uc885\ub8cc\ud55c \ubc14 \uc788\ub2e4.<\/p>\n\n\n\n

\uc774\ub7f0 \uc0c1\ud669\uc5d0\uc11c \uc5f0\uc900\uc774 \uc2dc\uc7a5 \ubd88\uc548\uc744 \uac10\uc218\ud558\uace0 \ub2e4\uc2dc QT\ub97c \uc7ac\uac1c\ud558\uae30\ub294 \uc27d\uc9c0 \uc54a\uc744 \uac83\uc774\ub780 \uac8c \uc2dc\uc7a5\uc758 \ub300\uccb4\uc801\uc778 \ud3c9\uac00\ub2e4.<\/p>\n\n\n\n

\ub610\ud55c \ub300\ucc28\ub300\uc870\ud45c \ucd95\uc18c\uac00 \uc7ac\uac1c\ub420 \uacbd\uc6b0 \uc7a5\uae30\ucc44 \uae08\ub9ac\uac00 \uc624\ub97c \uc218 \uc788\uace0, \uc774\ub294 \uc8fc\ud0dd\ub2f4\ubcf4\ub300\ucd9c \uae08\ub9ac \uc0c1\uc2b9\uc73c\ub85c \uc774\uc5b4\uc838 \ud2b8\ub7fc\ud504 \ub300\ud1b5\ub839\uc744 \ud654\ub098\uac8c \ud560 \uc218 \uc788\ub2e4\uace0 WSJ\uc740 \uc9c0\uc801\ud588\ub2e4.<\/p>\n\n\n\n

\uc778\ud50c\ub808\uc774\uc158\uc744 2% \uc218\uc900\uc73c\ub85c \ub418\ub3cc\ub9ac\ub294 \ubaa9\ud45c\ub3c4 \ud798\ub4e0 \uacfc\uc81c\ub2e4.<\/p>\n\n\n\n

\uc6cc\uc2dc \ud6c4\ubcf4\uc790\ub294 \ub2e4\ub978 \uc5f0\uc900 \uc8fc\uc694 \uc778\uc0ac\ub4e4\ucc98\ub7fc \uacbd\uc81c\ud559\uc790 \ucd9c\uc2e0\uc774 \uc544\ub2c8\uba70 \ud604 \uc81c\ub86c \ud30c\uc6d4 \uc758\uc7a5\ucc98\ub7fc \ubc95\ud559\uc744 \uc804\uacf5\ud558\uace0 \uae08\uc735\ud68c\uc0ac \uadfc\ubb34 \uc774\ub825\uc744 \uc9c0\ub154\ub2e4.<\/p>\n\n\n\n

\uadf8\ub7ec\ub098 \uc5f0\uc900\uc758 \uc815\ucc45 \ud310\ub2e8 \ud2c0\uc744 \uc218\uc6a9\ud55c \ud30c\uc6d4 \uc758\uc7a5\uacfc \ub2ec\ub9ac \uc6cc\uc2dc \ud6c4\ubcf4\uc790\ub294 \ud3c9\uc18c \ub3d9\ud0dc\ud655\ub960\uc77c\ubc18\uade0\ud615(DSGE) \ub4f1 \ud604\ub300 \uc8fc\ub958 \uac70\uc2dc\uacbd\uc81c\ud559 \uc774\ub860\uc5d0 \uae30\ubc18\ud55c \uc5f0\uc900\uc758 \uacbd\uc81c\uc804\ub9dd \ubaa8\ub378\uc774 \ud604\uc2e4\uacfc \ub2e4\ub974\ub2e4\uace0 \ud3c4\ud558\ud558\uba70 \ube44\ud310\uc801\uc778 \ud0dc\ub3c4\ub97c \ubcf4\uc5ec\uc654\ub2e4.<\/p>\n\n\n\n

\uc5f0\uc900\uc774 \uc9c0\ub098\uce58\uac8c \uacbd\uc81c \ub370\uc774\ud130\uc5d0 \uc758\uc874\ud558\uba70 \ud6c4\ud589\uc801\uc73c\ub85c \ud310\ub2e8\ud55c\ub2e4\uba74\uc11c \uc5f0\uc900 \uccb4\uc81c \ubcc0\ud658\uc774 \ud544\uc694\ud558\ub2e4\uace0 \uac15\uc870\ud558\uae30\ub3c4 \ud588\ub2e4.<\/p>\n\n\n\n

WSJ\uc740 “\uc77c\uac01\uc5d0\uc120 \uc6cc\uc2dc\uc758 \uc8fc\ub958 \uac70\uc2dc\uacbd\uc81c\ud559\uc5d0 \ub300\ud55c \uacbd\uba78\uc774 \ub0b4\ubd80 \ubc18\ubc1c\ub85c \uc774\uc5b4\uc838 \uadf8\ub97c \uc5f0\uc900 \ub0b4\ubd80\uc758 \uc9c1\uc6d0 \ubc0f \ub2e4\ub978 \uc704\uc6d0\ub4e4\uacfc \ub300\ub9bd\ud558\uac8c \ub9cc\ub4e4 \uc218 \uc788\ub2e4\uace0 \uc6b0\ub824\ud55c\ub2e4”\ub77c\uace0 \uc9c4\ub2e8\ud588\ub2e4.<\/p>\n\n\n\n

\uc5f0\uc900 \uc758\uc7a5\uc774 12\uba85\uc73c\ub85c \uad6c\uc131\ub41c \uc5f0\ubc29\uacf5\uac1c\uc2dc\uc7a5\uc704\uc6d0\ud68c(FOMC)\uc758 \ub3d9\uc758\ub97c \uad6c\ud558\ub824\uba74 \uc124\ub4dd\ub825 \uc788\ub294 \uacc4\ud68d\uc744 \uc81c\uc2dc\ud574\uc57c \ud558\ub294\ub370 \ud3c9\uc18c \uadf8\uac00 \ubcf4\uc778 \uc8fc\ub958 \uacbd\uc81c\ud559\uc5d0 \ub300\ud55c \uc2e0\ub784\ud55c \ube44\ud310\uc774 \uc5f0\uc900 \uc9c1\uc6d0\ub4e4\uacfc FOMC \uc704\uc6d0\ub4e4\uc758 \ud611\ub825\uc744 \ub04c\uc5b4\ub0b4\ub294 \ub370 \ud55c\uacc4\uac00 \uc788\uc744 \uc218 \uc788\ub2e4\ub294 \uac83\uc774\ub2e4.<\/p>\n\n\n\n

WSJ\uc740 “\uc5b4\ub290 \uc2dc\uc810\uc5d0\uc120 (\ud604\uc7ac \ub098\ud0c0\ub098\uace0 \uc788\ub294) \uc778\ud50c\ub808\uc774\uc158\uc744 \ub0ae\ucd94\ub294 \uc555\ub825\ub4e4\uc774 \ubc29\ud5a5\uc744 \ubc14\uafc0 \uac83”\uc774\ub77c\uba70 “\uc6cc\uc2dc\ub294 \uadf8\ub7f0 \uc555\ub825\uc5d0 \ub300\ucc98\ud558\uae30 \uc704\ud574 \uc2dc\uc7a5\uacfc \ub3d9\ub8cc\uc758 \uac80\uc99d\uc744 \ud1b5\uacfc\ud560 \uc218 \uc788\ub294 \uc124\ub4dd\ub825 \uc788\ub294 \uc778\ud50c\ub808\uc774\uc158 \uc774\ub860 \uc81c\uc2dc\uac00 \ud544\uc694\ud558\ub2e4”\ub77c\uace0 \uc9c0\uc801\ud588\ub2e4.<\/p>\n\n\n\n

\ud2b8\ub7fc\ud504 \ub300\ud1b5\ub839\uc73c\ub85c\ubd80\ud130 \uc5f0\uc900\uc758 \ub3c5\ub9bd\uc131\uc744 \uc9c0\ud0a4\uae30\ub294 \ub354\uc6b1 \uc5b4\ub824\uc6b4 \uacfc\uc81c\ub85c \uaf3d\ud78c\ub2e4.<\/p>\n\n\n\n

\uc6cc\uc2dc\uac00 \ucc28\uae30 \uc5f0\uc900 \uc758\uc7a5 \ud6c4\ubcf4\uc790\ub85c \ub099\uc810\ub41c \uac83\uc740 \uadf8\uac00 \ucf00\ube48 \ud574\uc2ef \ubc31\uc545\uad00 \uad6d\uac00\uacbd\uc81c\uc704\uc6d0\ud68c(NEC) \uc704\uc6d0\uc7a5\ubcf4\ub2e4 \ub354 \ub3c5\ub9bd\uc801\uc77c \uac83\uc774\ub77c\ub294 \ud3c9\ud310\uc744 \uac00\uc84c\ub358 \uac8c \uacb0\uc815\uc801\uc778 \ubc30\uacbd\uc73c\ub85c \uc791\uc6a9\ud588\ub2e4\uace0 \uc6d4\uac00\ub294 \ud310\ub2e8\ud55c\ub2e4.<\/p>\n\n\n\n

WSJ\uc740 “\uacbd\uc81c \ub370\uc774\ud130\uac00 \uc5f0\uc900\uc774 \uae08\ub9ac\ub97c \uc778\ud558\ud574\uc11c\ub294 \uc548 \ub41c\ub2e4\uace0 \ub9d0\ud55c\ub2e4\uba74 \uc6cc\uc2dc\ub294 \ud2b8\ub7fc\ud504 \uc694\uad6c\ub97c \uac70\uc808\ud560 \uc218 \uc788\uc744\uae4c”\ub77c\uace0 \ubc18\ubb38\ud558\uba70 \uc6cc\uc2dc\uac00 \ud2b8\ub7fc\ud504 \ub300\ud1b5\ub839\uc744 \uc2e4\ub9dd\uc2dc\ud0ac \uacbd\uc6b0 \ud2b8\ub7fc\ud504 \ub300\ud1b5\ub839\uc740 \uc790\uc2e0\uc774 \uc784\uba85\ud55c \ud30c\uc6d4 \uc758\uc7a5\uc5d0\uac8c \ud588\ub358 \ubc29\uc2dd\uc73c\ub85c \uc555\ubc15\uc744 \uac00\ud560 \uc218 \uc788\ub2e4\uace0 \ub0b4\ub2e4\ubd24\ub2e4.<\/p>\n\n\n\n

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