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Tariffs are a sprint, tightening is a marathon, who will wear the workers down first?

Powell's statement gives the market a warning: overly tight policies will harm the labor market. In other words, the Federal Reserve may have overdone it, bulking up too much. Workers fear that as soon as companies see high loan interest rates, they will immediately halt hiring and hand out layoff lists.

In contrast to tariffs, Powell appears to take a laid-back approach: this thing is just a temporary price shock and won’t suppress the economy in the long run. It’s like getting burned by a sip of coffee; it hurts for a while but won’t affect your ability to continue working overtime. After the supply chain adjusts, prices will naturally fall back.

The short-term "tariff heat" and the long-term "tightening cold wind" are simply two extremes. If investors are only worried about rising supermarket bills, they may not see the bigger pit: reduced job opportunities and declining purchasing power, which are the core factors dragging down the economy.

In summary: tariffs are a sprint, while policy tightening is a marathon. The real highlight is who can win the psychological battle in the market first.