The "Fed's Mouthpiece" Nick Timiraos analyzes that Federal Reserve Chairman Powell downplayed expectations of alleviating the economic weakness that may arise from Trump's tariffs through interest rate cuts. Powell frequently used the term "wait" at the press conference, emphasizing that the Fed is not in a hurry to take action.

Timiraos believes that Trump's trade policies have led to divergences in monetary policy between the U.S. and other economies. Other economies have not significantly raised import tariffs and are facing issues of weak demand and employment, without the inflationary pressures that the U.S. may face. Furthermore, given that the U.S. has just experienced high inflation, the Fed is reluctant to take preemptive action on interest rate cuts to support slowing employment, fearing it may exacerbate inflation in the short term.

Therefore, the Fed's stance is different from that of the European Central Bank, the Bank of Canada, and the Bank of England. Powell hinted that the Fed would only consider cutting rates after seeing significant evidence of an economic slowdown, and it could be a rapid rate cut.