CoinVoice recently learned that according to a report by Jin Shi, CICC Research reported that the Federal Reserve may be expected to cut interest rates if tariffs are further reduced. The current growth pressures are not reflected, the non-farm payrolls remained strong in April, and the ISM manufacturing and services PMIs also remained resilient, even if the Fed wants to react precautionarily, there is no good reason for the Fed to react precautionarily, not to mention that Powell's term ends in May next year, and the risk of an early reaction is also very high. Therefore, in the "dilemma" of balancing inflation and growth, the Fed is more likely to choose to wait and see rather than "preemptively". However, if tariff risks can be further downgraded, the Fed has the opportunity to cut interest rates in three or four quarters to ease the growth pressure at that time.