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How to Find Quality Airdrops and Evaluation Criteria

Ways to Find Quality Airdrops
Professional Platforms and Tools: Use specialized airdrop aggregation websites like AirdropAlert, CoinMarketCap Airdrops, AirdropKing, etc., to filter the latest airdrop projects. Follow cryptocurrency KOLs on platform X.

Communities and Social Media: Join the official Telegram and Discord groups of the projects, and follow Twitter (such as Binance @binancezh, OKX @okxchinese) for airdrop announcements. Reddit and Bitcointalk forums can also reveal early projects.

Exchange Announcements: Centralized exchanges like Binance and OKX often publish information about ecological project airdrops, which have low participation thresholds and high credibility.

On-chain Data Analysis: Use DappRadar or DeBank to track popular decentralized applications (DApps) and discover potential airdrop opportunities.

Criteria for Evaluating Airdrop Projects
Project Background: Investigate the LinkedIn profiles of team members to see if there are endorsements from well-known investment institutions (such as a16z, Paradigm). Does the white paper clearly articulate the project's goals and technical roadmap?

Token Economic Model: Check if the token distribution is reasonable (the airdrop proportion should not be too high; suggested <10%), and whether there is a lock-up mechanism to prevent sell-offs.

Community Activity: Observe Twitter engagement, the number of Discord members, and the quality of discussions. An active community usually indicates potential for the project.

Technical Feasibility: Check the frequency of code updates on GitHub to confirm whether the project has actual development progress.#空投发现指南

The complete process and task steps for participating in airdrops

Preparation
Create a wallet: Create a new wallet address and back up the mnemonic phrase. It is user-friendly for beginners and supports multi-chain operations.

Obtain test coins.

Set up tools: Install Twitter, Telegram, and Discord accounts to ensure you can receive project notifications. Use a privacy email to protect personal information.

Find airdrop information

Visit the project’s official website or official Twitter to confirm the details of the airdrop tasks.

Complete tasks
Social tasks (usually completed in 1-2 days):
Follow the official Twitter, like and retweet the specified tweets.

Join the Telegram group and Discord server, and bind your wallet address.

On-chain tasks (takes 1-2 hours):
Connect your wallet to the testnet DApp and perform 2-3 transactions.

Submit your wallet address to the project's official airdrop form.

Verification tasks: Some projects require screenshots of completed social tasks to be uploaded to a specified Google Form.

4. Submit and wait
After confirming all tasks are completed, submit the airdrop application form (including wallet address, Twitter ID, etc.).

Follow project announcements and wait for token distribution (usually 1-3 months). You can check the airdrop status through the airdrop check website #空投操作全指南 .

Common Airdrop Scams and Warning Signals
Traffic Scam: Requires following on Twitter, joining Telegram/Discord groups, actually accumulating followers for marketing accounts, then renaming to promote scam information.

Authorization Trap: Induces users to authorize a smart contract, leading to the transfer of wallet assets. For example, the Zepe airdrop scam, where users have their assets stolen due to authorizing DEX transactions.

Private Key Leak: Requests users to enter private keys or recovery phrases to "claim" airdrops, directly resulting in wallet theft.

Fake Official Website: Disguises as an official airdrop page, inducing users to connect their wallets or transfer funds.

Anti-Scam Strategies
Verify Projects: Check if the project is listed on CoinGecko or CoinMarketCap, and search for team background and investment information.

Check Contracts: Use Etherscan or Sui Explorer to analyze smart contracts, confirming they are open source and contain no malicious code. PeckShield recommends regularly revoking authorizations for rarely used DApps.

Small Amount Testing: Use a new wallet to participate in airdrops, keeping only a small amount of test tokens to avoid risks to the main wallet.

Avoid Private Key Leaks: Never share recovery phrases or private keys, and ignore any prompts asking for sensitive information.

Use Security Tools: Install Wallet Guard or Scam Sniffer browser extensions to detect malicious websites and contracts.

3. Safe Operational Habits
Hardware Wallets: Use Ledger or Trezor to store large amounts of assets, and only use hot wallets for airdrop participation.

Multi-Factor Authentication: Enable 2FA (Google Authenticator) to protect exchange and wallet accounts.

Be Cautious of High Returns: If an airdrop promises "high-value tokens", it is often a trap, so be cautious. #空投安全指南

Why didn't I participate in the new issue and still have 😅

In today's rapidly advancing world of artificial intelligence (AI) and blockchain technology, data privacy and security have become the core challenges of technological innovation. Mind Network, as a global leader in fully homomorphic encryption (FHE) infrastructure projects, is providing unprecedented security and privacy protection for decentralized AI and the Web3 ecosystem through its innovative encryption technology.

Fully homomorphic encryption is hailed as the 'Holy Grail' of cryptography; it is an encryption technology that allows for complex computations to be performed directly on encrypted data without the need to decrypt it. This feature addresses the privacy leakage issues that traditional encryption technologies face during data processing, ensuring that data remains encrypted throughout its entire lifecycle of transmission, storage, and computation.
The core advantages of FHE include:
Data Privacy: Sensitive data remains encrypted throughout the computation process, preventing unauthorized access.

Zero Trust Environment: Data security can be assured even in untrusted decentralized networks.

Mind Network is an FHE restaking layer focused on AI and proof of stake (PoS) networks, aimed at solving three core issues in decentralized systems through innovative encryption technology:
Consensus Security: In AI and PoS networks, consensus mechanisms are prone to manipulation or fraud. Mind Network uses FHE encryption to validate computation processes, ensuring fairness and security of consensus.

Data Security: High-value data processed by AI networks requires strict privacy protection. Mind Network provides end-to-end encryption, supporting the computation and validation of encrypted data.

Cryptoeconomic Security: By supporting the restaking of ETH, BTC, and blue-chip AI tokens, Mind Network reduces risks associated with network volatility. Mind Network is reshaping the future of AI and Web3 with fully homomorphic encryption technology. By addressing the core issues of consensus security, data privacy, and economic stability in decentralized systems, Mind Network provides robust cryptographic infrastructure for the industry. From privacy protection in decentralized AI to the realization of fair governance, and enhancing cross-chain interoperability, Mind Network's innovations are driving a more secure, fair, and decentralized digital world. #MindNetwork全同态加密FHE重塑AI未来

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Follow the academy, learn new knowledge, and win benefits

First of all, this panic selling may be related to broader market sentiment, such as concerns over interest rates, inflation, or geopolitical uncertainty. Stock market crashes typically trigger a flight to safety, leading investors to liquidate high-risk assets, including cryptocurrencies. Bitcoin's high volatility makes it susceptible to severe price corrections in such situations. However, if the fundamentals—such as blockchain adoption rates, institutional interest, or supply reduction (halving effect)—do not significantly deteriorate, this drop may just be a short-term oversell rather than the beginning of a long-term trend.
From a technical perspective, Bitcoin breaking below $80,000 may have breached a key support level, which is a bearish signal for short-term traders. But for long-term holders, this pullback may be viewed as a buying opportunity, especially if they believe in Bitcoin's long-term value proposition. Historically, Bitcoin often rebounds after significant drops, although the timing and magnitude of recovery vary by event.
As for the next steps:
Buy: If you believe this is a temporary adjustment and have confidence in Bitcoin's long-term potential, now may be an opportunity to accumulate at lower prices. But be cautious of further downside risks, especially if the macro environment continues to deteriorate.

Hold: If you already have a position and are not in a hurry to cash out, sitting tight may be a wise choice. The market may fluctuate further before finding a new bottom, and patiently waiting may help avoid emotional decisions.

Wait and see: If you have not entered yet or have limited funds, waiting for clearer trend signals (such as price stabilization or easing macro pressures) may be the safest strategy.

My inclination is to wait and see while closely monitoring market dynamics—such as U.S. economic data, institutional fund flows, and sentiment in the crypto community on X.

Fixed Stop Loss:
Setting Method: Usually based on key levels from technical analysis, such as support and resistance levels, or based on the account's risk tolerance (for example, 1%-2% of the total account funds).

Advantages: Simple and direct, it can clearly limit the maximum loss of a single trade. Especially during periods of high market volatility or unexpected events, this strategy can quickly stop losses and avoid emotional decisions that lead to larger losses.

Applicable Scenarios: Short-term trading or high volatility markets, such as before and after major news releases.

Trailing Stop Loss:
Setting Method: Set a dynamic stop loss point based on the price fluctuation range, such as a certain percentage away from the current price or a technical indicator (like moving averages).

Advantages: It can protect existing profits in a trending market while allowing for a certain level of price fluctuation, avoiding premature exits due to short-term pullbacks.

Applicable Scenarios: Markets with clear trends, such as stock trading in a bull market or long-term rises in cryptocurrencies.

In summary, the combination of fixed stop loss and trailing stop loss is my first choice, as it can strictly control risk while adapting to market changes. The key is to find a suitable stop loss level based on one's trading style and market conditions, so as not to be overly conservative and miss opportunities, nor to be too aggressive and increase losses. #止损策略

Bitcoin (BTC) - Approximately 40%: As the 'gold standard' of the crypto market, Bitcoin's stability is relatively high, and its long-term growth potential is widely recognized. I choose it as a core asset to anchor portfolio value.

Ethereum (ETH) - Approximately 30%: Ethereum is favored for its smart contract ecosystem and widespread adoption of decentralized applications. I am optimistic about its technological foundation and future upgrades (such as sharding or Rollups).

Altcoins (such as SOL, ADA) - Approximately 20%: Choosing high-potential altcoins like Solana and Cardano is aimed at capturing higher growth opportunities, even though they are more volatile. I will focus on the project's fundamentals, such as team strength and real use cases.

Stablecoins (USDT/USDC) - Approximately 10%: Used as cash equivalents, they provide liquidity during market fluctuations or serve as a buffer while waiting to buy at lower points.

Reasons for Selection:
BTC and ETH are the most liquid and widely accepted assets in the market, making them suitable as cornerstones for long-term holdings.

Altcoins offer high-risk, high-reward opportunities, and I will choose entry points based on market trends and technical indicators (such as RSI or moving averages).

Stablecoins serve as defensive allocations, ensuring I have funds to reposition during market corrections.

#分散资产

Powell warned that new tariffs could raise inflation and slow economic growth, which makes sense. From an economic perspective, tariffs are essentially a trade barrier that increases the cost of imported goods. These costs are often passed on to consumers, leading to higher prices, which is inflationary pressure. Furthermore, if other countries impose retaliatory tariffs on American goods, U.S. exports could be hindered, thereby dragging down economic growth. Powell mentioned these risks, indicating that he is concerned about the potential chain reaction of tariffs on the real economy, rather than merely theoretical speculation.
He also stated that the Federal Reserve would 'wait and see,' reflecting a cautious approach to monetary policy. The primary responsibility of the Federal Reserve is to maintain price stability and promote employment. If tariffs lead to soaring inflation, the Federal Reserve might need to raise interest rates to cool down the economy; but if economic growth slows, it may need to cut rates to stimulate the economy. These two possibilities make the policy outlook 'highly uncertain,' as Powell said. Therefore, his choice to wait and see might be an attempt to wait for more data to come out, avoiding premature actions that could cause market turmoil.
The phrase 'beyond expectations' is quite interesting. Trump's tariff policy may be more aggressive in scale or scope than the Federal Reserve anticipated, which caught Powell somewhat off guard. However, he emphasized the 'risk of sustained inflation,' also suggesting that he is more concerned about uncontained inflation rather than short-term economic slowdown. This may reflect the current economic environment—inflation is already a sensitive topic, and any additional push could make the Federal Reserve's task of controlling inflation more challenging.
In my opinion, Powell's stance is very pragmatic. He did not directly criticize the tariff policy (after all, the Federal Reserve tries to remain neutral), but focused on its economic consequences, reminding everyone of the risks involved. At the same time, he is not in a hurry to state specific countermeasures, demonstrating a clear understanding of the complex situation. However, if tariffs are indeed widely implemented, how long he can maintain this 'wait and see' strategy is a question. The market and the public may urge the Federal Reserve to give a clear signal, and at that point, merely waiting may not be enough. #鲍威尔发言

Powell warned that new tariffs could raise inflation and slow economic growth, which makes sense. From an economic perspective, tariffs are essentially a trade barrier that increases the cost of imported goods. These costs are often passed on to consumers, leading to higher prices, which is inflationary pressure. Additionally, if other countries impose retaliatory tariffs on American goods, U.S. exports may be hampered, further dragging down economic growth. Powell mentioned these risks, indicating that he is concerned about the potential chain reaction of tariffs on the real economy, rather than just theoretical speculation.
He also said the Federal Reserve would 'wait and see,' reflecting a cautious stance on monetary policy. The primary responsibilities of the Federal Reserve are to maintain price stability and promote employment. If tariffs lead to soaring inflation, the Federal Reserve may need to raise interest rates to cool down the economy; but if economic growth slows, it may need to cut rates to stimulate the economy. These two possibilities make the policy outlook 'highly uncertain,' as Powell stated. Therefore, his choice to wait may be to gather more data before taking action, avoiding early moves that could create market turmoil.
The phrase 'beyond expectations' is quite interesting. Trump's tariff policy may be more aggressive in scale or scope than the Federal Reserve anticipated, catching Powell somewhat off guard. However, he emphasized the 'risks of sustained inflation,' also suggesting that he is more concerned about inflation going out of control than short-term economic slowdown. This may reflect the current economic environment—inflation is already a sensitive topic, and any additional push could make the Federal Reserve's task of controlling inflation more challenging.
In my view, Powell's stance is very pragmatic. He did not directly criticize the tariff policy (after all, the Federal Reserve tries to remain neutral), but focused on its economic consequences, reminding everyone where the risks lie. At the same time, he is not in a hurry to express specific countermeasures, showing a clear understanding of the complex situation. However, if tariffs are indeed widely implemented, how long he can maintain this 'wait and see' strategy is a question. The market and the public may urge the Federal Reserve for a clear signal, and at that point, merely waiting may not be enough. #鲍威尔发言

Powell warned that new tariffs could raise inflation and slow economic growth, which makes sense. From an economic perspective, tariffs are essentially a trade barrier that increases the cost of imported goods. These costs are often passed on to consumers, leading to rising prices, which is inflationary pressure. Moreover, if other countries impose retaliatory tariffs on U.S. goods, American exports may suffer, further dragging down economic growth. Powell mentioned these risks, indicating that he is concerned about the potential ripple effects of tariffs on the real economy, rather than mere theoretical speculation.
He also stated that the Federal Reserve would 'wait and see,' reflecting a cautious approach to monetary policy. The primary responsibilities of the Federal Reserve are to maintain price stability and promote employment. If tariffs lead to soaring inflation, the Federal Reserve may need to raise interest rates to cool the economy; but if economic growth slows down, it may need to lower rates to stimulate the economy. These two possibilities make the policy outlook 'highly uncertain,' as Powell said. Therefore, his choice to wait may be an attempt to gather more data and avoid early actions that could disrupt the market.
The phrase 'beyond expectations' is quite interesting. Trump's tariff policy may be more aggressive in scale or scope than the Federal Reserve had anticipated, which caught Powell somewhat off guard. However, he emphasized the 'risk of sustained inflation,' also implying that he is more worried about inflation spiraling out of control than a short-term economic slowdown. This may reflect the current economic environment—inflation is already a sensitive topic, and any additional push could make the Federal Reserve's task of controlling inflation more challenging.
In my view, Powell's stance is quite pragmatic. He did not directly criticize the tariff policy (after all, the Federal Reserve tries to remain neutral), but focused on its economic consequences, reminding everyone of the risks involved. At the same time, he is not in a hurry to state specific measures, showing a clear understanding of the complex situation. However, if tariffs are indeed implemented on a large scale, how long he can maintain this 'wait and see' strategy is questionable. The market and the public may urge the Federal Reserve to provide a clear signal, and just waiting may not be enough.

Powell warned that new tariffs could raise inflation and slow economic growth, which makes sense. From an economic perspective, tariffs are essentially a trade barrier that increases the cost of imported goods. These costs are often passed on to consumers, leading to rising prices, which is inflationary pressure. Furthermore, if other countries impose retaliatory tariffs on U.S. goods, U.S. exports may be hampered, further dragging down economic growth. Powell mentioned these risks, indicating that he is concerned about the potential ripple effects of tariffs on the real economy, rather than just theoretical speculation.
He also said the Fed would 'stay on the sidelines,' reflecting a cautious attitude towards monetary policy. The Fed's main responsibilities are to maintain price stability and promote employment. If tariffs lead to soaring inflation, the Fed may need to raise interest rates to cool the economy; but if economic growth slows, it may need to cut rates to stimulate the economy. These two possibilities make the policy outlook 'highly uncertain,' as Powell stated. Therefore, his choice to stay on the sidelines may be to wait for more data to come out, to avoid taking premature actions that could cause market turmoil.
The phrase 'beyond expectations' is quite interesting. Trump's tariff policy may be more aggressive in scale or scope than the Fed had anticipated, catching Powell a bit off guard. However, he emphasized the 'risk of sustained inflation,' also suggesting that he is more concerned about inflation spiraling out of control than about short-term economic slowdown. This may reflect the current economic environment—inflation is already a sensitive topic, and any additional push could make the Fed's task of controlling inflation more challenging.
In my view, Powell's stance is very pragmatic. He did not directly criticize the tariff policy (after all, the Fed tries to remain neutral), but instead focused on its economic consequences, reminding everyone of the risks involved. At the same time, he is not in a hurry to express specific countermeasures, showing a clear understanding of the complex situation. However, if tariffs are indeed widely implemented, it is questionable how long he can maintain this 'wait and see' strategy. The market and the public may urge the Fed to give a clear signal, and at that time, merely watching may not be enough.

Powell warned that new tariffs could drive up inflation and slow economic growth, which makes sense. From an economic perspective, tariffs are essentially a trade barrier that increases the cost of imported goods. These costs are often passed on to consumers, leading to rising prices, which is inflationary pressure. Moreover, if other countries impose retaliatory tariffs on American goods, U.S. exports could be hindered, further dragging down economic growth. Powell mentioned these risks, indicating his concern about the potential chain reactions of tariffs on the real economy, rather than mere theoretical speculation.
He also stated that the Federal Reserve would 'stay on the sidelines,' reflecting a cautious approach to monetary policy. The primary responsibilities of the Federal Reserve are to maintain price stability and promote employment. If tariffs lead to soaring inflation, the Federal Reserve may need to raise interest rates to cool the economy; but if economic growth slows, it may need to cut rates to stimulate the economy. These two possibilities make the policy outlook 'highly uncertain,' as Powell mentioned. Therefore, his choice to remain on the sidelines may be an effort to wait for more data to come out, avoiding premature actions that could disrupt the market.
The phrase 'beyond expectations' is quite interesting. Trump's tariff policy may be more aggressive in scale or scope than the Federal Reserve anticipated, catching Powell somewhat off guard. However, he emphasized the 'risk of persistent inflation,' suggesting he is more concerned about losing control over inflation rather than a short-term economic slowdown. This may reflect the current economic environment—inflation is already a sensitive topic, and any additional push could make the Federal Reserve's task of controlling inflation more challenging.
In my view, Powell's position is quite pragmatic. He did not directly criticize the tariff policy (after all, the Federal Reserve aims to remain neutral) but focused on its economic consequences, reminding everyone where the risks lie. At the same time, he is not in a hurry to state specific countermeasures, demonstrating a clear understanding of the complex situation. However, if tariffs are indeed implemented on a large scale, it raises the question of how long his 'wait and see' strategy can hold. The market and the public may push the Federal Reserve for a clear signal, and just watching may not be enough by then.

Powell warned that new tariffs could raise inflation and slow economic growth, which makes sense. From an economic perspective, tariffs are essentially a trade barrier that increases the cost of imported goods. These costs are often passed on to consumers, leading to rising prices, which is inflationary pressure. In addition, if other countries impose retaliatory tariffs on American goods, U.S. exports may be hindered, further dragging down economic growth. Powell mentioned these risks, indicating that he is concerned about the potential chain reaction of tariffs on the real economy, rather than mere theoretical speculation.
He also stated that the Federal Reserve would "stay on the sidelines," reflecting a cautious approach to monetary policy. The main responsibilities of the Federal Reserve are to maintain price stability and promote employment. If tariffs lead to soaring inflation, the Federal Reserve may need to raise interest rates to cool down the economy; however, if economic growth slows, it may need to lower interest rates to stimulate the economy. These two possibilities make the policy outlook "highly uncertain," as Powell said. Therefore, his choice to wait and see may be to await more data, avoiding premature actions that could cause market turmoil.
The phrase "beyond expectations" is quite interesting. Trump's tariff policy may be more aggressive in scale or scope than the Federal Reserve anticipated, catching Powell somewhat off guard. However, he emphasized the "risk of persistent inflation," also hinting that he is more worried about runaway inflation rather than a short-term economic slowdown. This may reflect the current economic environment—inflation is already a sensitive topic, and any additional push could make the Federal Reserve's task of controlling inflation more challenging.
In my view, Powell's stance is very pragmatic. He did not directly criticize the tariff policy (after all, the Federal Reserve aims to remain neutral), but focused on its economic consequences, reminding everyone where the risks lie. At the same time, he is not in a hurry to state specific countermeasures, showing a clear understanding of the complex situation. However, if tariffs are indeed implemented on a large scale, it is uncertain how long this "wait and see" strategy can be maintained. The market and the public may push the Federal Reserve to provide a clear signal, and at that point, merely waiting may not suffice.

Powell warned that new tariffs could raise inflation and slow economic growth, which makes sense. From an economic perspective, tariffs are essentially a trade barrier that increases the cost of imported goods. These costs are often passed on to consumers, leading to higher prices, which is inflationary pressure. Moreover, if other countries impose retaliatory tariffs on American goods, U.S. exports could be hindered, further dragging down economic growth. Powell mentioned these risks, indicating that he is concerned about the potential chain reaction of tariffs on the real economy, rather than mere theoretical speculation.
He also stated that the Federal Reserve would 'wait and see,' reflecting a cautious approach to monetary policy. The Fed's primary responsibility is to maintain price stability and promote employment. If tariffs lead to a spike in inflation, the Fed may need to raise interest rates to cool the economy; but if economic growth slows, it may need to lower rates to stimulate the economy. These two possibilities make the policy outlook 'highly uncertain,' as Powell said. Therefore, his choice to wait may be to gather more data and avoid premature actions that could cause market turmoil.
The phrase 'beyond expectations' is quite interesting. Trump's tariff policy may be more aggressive in scale or scope than the Fed anticipated, catching Powell somewhat off guard. But he emphasized the 'risks of sustained inflation,' suggesting that he is more concerned about inflation going out of control rather than a short-term economic slowdown. This may reflect the current economic environment—inflation is already a sensitive topic, and any additional push could make the Fed's task of controlling inflation more challenging.
In my view, Powell's stance is very pragmatic. He did not directly criticize the tariff policy (after all, the Fed tries to remain neutral), but instead focused on its economic consequences, reminding everyone of the risks involved. At the same time, he is not in a hurry to express specific countermeasures, showing a clear understanding of the complex situation. However, if tariffs are indeed widely implemented, how long he can maintain this 'wait and see' strategy is a question. The market and the public may urge the Fed to provide a clear signal, and at that point, merely waiting may not be enough.

Powell warned that new tariffs could raise inflation and slow economic growth, which makes sense. From an economic perspective, tariffs are essentially a trade barrier that increases the cost of imported goods. These costs are typically passed on to consumers, leading to higher prices, which is inflationary pressure. Furthermore, if other countries impose retaliatory tariffs on American goods, U.S. exports may be hindered, further dragging down economic growth. Powell mentioned these risks, indicating that he is concerned about the potential ripple effects of tariffs on the real economy, rather than mere theoretical speculation.
He also stated that the Federal Reserve would 'wait and see,' reflecting a cautious approach to monetary policy. The primary responsibilities of the Federal Reserve are to maintain price stability and promote employment. If tariffs lead to soaring inflation, the Federal Reserve might need to raise interest rates to cool the economy; but if economic growth slows down, it may need to lower interest rates to stimulate the economy. These two possibilities make the policy outlook 'highly uncertain,' as Powell said. Therefore, his choice to wait may be an attempt to gather more data, avoiding premature actions that could disrupt the market.
The phrase 'beyond expectations' is quite interesting. Trump's tariff policy may be more aggressive in scale or scope than the Federal Reserve had anticipated, catching Powell a bit off guard. However, he emphasized the 'risks of sustained inflation,' also suggesting that he is more concerned about runaway inflation rather than a short-term economic slowdown. This may reflect the current economic environment—inflation has already become a sensitive topic, and any additional push could complicate the Federal Reserve's task of controlling inflation.
In my view, Powell's stance is very pragmatic. He did not directly criticize the tariff policy (after all, the Federal Reserve strives to remain neutral), but focused on its economic consequences, reminding everyone where the risks lie. At the same time, he is not rushing to state specific countermeasures, demonstrating a clear understanding of the complex situation. However, if tariffs are indeed implemented widely, how long he can maintain this 'wait and see' strategy is a question. The market and the public may urge the Federal Reserve to provide a clear signal, and at that time, merely waiting might not be enough. #鲍威尔发言

Powell warned that new tariffs could drive up inflation and slow economic growth, which makes sense. From an economic perspective, tariffs are essentially a trade barrier that increases the cost of imported goods. These costs are often passed on to consumers, leading to price increases, which is inflationary pressure. Furthermore, if other countries impose retaliatory tariffs on U.S. goods, American exports could be hampered, thereby dragging down economic growth. Powell's mention of these risks indicates that he is concerned about the potential chain reactions of tariffs on the real economy, rather than mere theoretical speculation.
He also stated that the Federal Reserve will 'remain cautious,' reflecting a prudent approach to monetary policy. The primary responsibility of the Federal Reserve is to maintain price stability and promote employment. If tariffs lead to soaring inflation, the Federal Reserve may need to raise interest rates to cool the economy; but if economic growth slows, it may need to lower rates to stimulate the economy. These two possibilities make the policy outlook 'highly uncertain,' as Powell said. Therefore, his choice to remain cautious may be an attempt to wait for more data to avoid premature actions that could trigger market chaos.
The phrase 'beyond expectations' is quite interesting. Trump's tariff policy may be more aggressive in scale or scope than the Federal Reserve anticipated, which has left Powell somewhat caught off guard. However, he emphasizes the 'risk of sustained inflation,' also suggesting that he is more concerned about runaway inflation rather than a short-term economic slowdown. This may reflect the current economic environment—inflation is already a sensitive topic, and any additional pressure could complicate the Federal Reserve's task of controlling inflation.
In my view, Powell's stance is very pragmatic. He does not directly criticize the tariff policy (after all, the Federal Reserve tries to remain neutral), but focuses on its economic consequences, reminding everyone where the risks lie. Meanwhile, he is not in a hurry to express specific countermeasures, showing a clear awareness of the complex situation. However, if tariffs are indeed implemented on a large scale, how long he can maintain this 'wait and see' strategy is a question. The market and the public may push the Federal Reserve for a clear signal, and at that time, merely waiting may not be enough.