Recently, Fed Chairman Powell delivered a highly followed speech, revealing the complexity and challenges of current economic policy making.

Powell's speech reflects that he is striving to find a delicate balance between curbing inflation and avoiding economic recession. This balance can be likened to walking on a tightrope, with each step filled with uncertainty and risk.

It is worth noting that Powell frequently mentioned employment and work-related terms in his speech, highlighting the important position of the labor market in current economic decision-making. On one hand, inflationary pressures have not been completely eliminated, which makes policymakers hesitant to hastily ease monetary policy for fear that previous efforts may be wasted. On the other hand, recent economic indicators and employment data have shown signs of weakness, and sustained tightening policies may further exacerbate the economic downturn risks, potentially leading to a recession.

In this context, the upcoming unemployment benefits data will become the focus of the market, as it may provide important clues for understanding the current labor market conditions and future economic direction. This data will not only affect investors' decisions but will also serve as an important reference for policymakers weighing their next steps.

Overall, Powell's speech revealed the dilemma of current economic policy-making: how to find a balance between controlling inflation and maintaining economic growth. This challenge not only tests the wisdom of decision-makers but also affects the nerves of global financial markets. The future direction of the economy will depend on whether this balance can be successfully achieved and how policymakers respond to the changing economic environment.