The Federal Reserve maintains a “wait-and-see” stance, with the impact of Trump’s policies becoming a key variable in interest rate cuts. Chicago Fed President Austan Goolsbee has explicitly stated that the Fed is currently in a “wait-and-see” state and will not take rash action until the comprehensive impact of the Trump administration’s series of new policies on the economy is clarified. These policies cover multiple dimensions such as trade tariff adjustments, immigration policy changes, tax structure optimization, government spending cuts, and federal employee layoffs. He emphasized that before making a decision to cut interest rates, the Federal Reserve must wait for the policy effects to be fully released until the situation “settles”.