在亚洲央行面对伊朗战事与以色列、美国冲突外溢下的市场波动时，Daniel Moss 指出仍应取Tim Geithner于2008年金融危机高峰期的做法：在公开沟通中既不能过度渲染恐慌，也不能让市场感觉「没有人在掌控」。他认为，亚洲当前的声明大多属宣告性回应，对于本周剧烈但可能非结构性、短期化的波动是合理的起点。亚洲股市（Asian bourses）周三经历急跌，隔日又基本回稳；文章警告，过度沉默可能被解读为失序，过度激进回应则可能放大情绪外溢，两者都会推高系统性风险。

在澳洲，澳洲联邦银行（RBA）总裁Michele Bullock 在悉尼企业高峰会表示，一月通膨指数为3.4%，高于其2%至3%的目标区间，因此不能把加息路径等同于「只能」循序渐进。韩国方面，周三韩股出现历史性单日下跌，韩元也跌破每美元1500韩元，创自2009年以来首次触及该弱势区间，央行官员指出压力主要来自国际局势并持续监测、以防情绪过度偏斜。韩国过去一年一直关注资产泡沫并在数月来强化外汇管理；印尼央行则持续一年以上入市干预以托住卢币，印度也在卢比接近历史低位时介入防止崩盘，两国都在周三成为市场买方，显示区域仍在做防守。

美联储（Fed）亦被中东冲击：继任主席Kevin Warsh需回应Donald Trump对降息的要求，但联邦公开市场委员会（FOMC）成员已有保守偏向，因战事若拉长且油价持续走高，通膨可能被再度推升并维持在略高于其2%目标之上。战争越长，早日降息的机率越低。文章认为，亚洲政策圈记忆中有1990年代末危机——韩国与印尼曾受重创——使他们对资本流动突变特别敏感，但本次仍未展现1997或2008那类体系性挫败。结尾提及Alan Greenspan在1987年黑色星期一后的经验：不需要过度冷静神话，但稳定、简洁的讯息有很大价值。

Daniel Moss argues that after the Iran–Israel–U.S. strike shocks and related regional tensions, Asia’s central banks should manage panic the way Tim Geithner did during the 2008 crisis peak: public communication should avoid dramatizing fear, while also avoiding the impression that no one is in control. He says statements in Asia have so far been mainly declarative, a reasonable first step if this week’s sharp moves are intense but possibly temporary. Asian bourses suffered severe losses on Wednesday and then stabilized the next day; the piece warns that both too much silence and too forceful reactions can worsen instability by signaling a vacuum or amplifying anxiety.

At the Reserve Bank of Australia, Governor Michele Bullock told a Sydney summit that January inflation at 3.4% is above the RBA’s 2%–3% target range and policymakers should not assume rates can only move gradually. In Korea, stocks posted their largest one-day drop while the won moved past 1,500 per US dollar, the first such weakness since 2009, and authorities emphasized close monitoring with stress coming largely from external forces. Korea has already been focused on an asset-bubble risk for months and on FX stability, while the Bank of Indonesia has been intervening for about a year and India also acted to prevent the rupee’s retreat from becoming a collapse; both were buyers on Wednesday, underscoring ongoing regional defense.

The Fed faces added complexity: incoming chair Kevin Warsh is under pressure from President Donald Trump to cut rates, but FOMC members have already shown hawkish reservations. With war-driven oil prices likely to keep inflation elevated, the Fed’s inflation target of slightly above 2% remains a constraint. The longer the conflict lasts, the less likely a near-term easing can appear. The article adds that Asia’s policymaking memory includes the late-1990s implosions—especially in Korea and Indonesia—making authorities highly sensitive to abrupt capital-flow swings. Still, this week does not yet resemble systemic distress comparable to 1997/2008. It ends with the Alan Greenspan lesson from Black Monday 1987: avoid over-calculated calm, but let steadiness and brevity carry weight.