According to a report from Jin10 on May 13, TechFlow news states that if tariffs are further downgraded, the Federal Reserve may be expected to cut interest rates. Currently, the pressure for a rise is not evident; April's non-farm payrolls remain strong, and both the ISM manufacturing and services PMIs maintain resilience. Even if the Federal Reserve wants to respond preemptively, there is insufficient reason to do so. Moreover, Powell's term ends in May next year, so the risk of a premature response is also significant. Therefore, in balancing the 'dilemma' between inflation and growth, the Federal Reserve is more likely to choose to wait and see rather than taking preemptive action. However, if the tariff risks can be further downgraded, the Federal Reserve may have the opportunity to cut interest rates again in the third or fourth quarter to alleviate the growth pressure at that time.