面对关税选择“观望”，美联储的困局：过早降息担心被迫加息，过晚则需更大力度降息

Group 1 - The Federal Reserve decided to pause interest rate cuts, indicating a cautious approach amid rising inflation and unemployment risks [1][2] - There is a growing uncertainty for the Fed, as premature rate cuts could lead to uncontrolled inflation expectations, while delaying action may result in an economic recession [1] - Concerns were raised by experts about the potential need for larger rate cuts in the future if the Fed waits too long to act [1] Group 2 - Fed Chair Powell emphasized a "wait and see" approach, using the phrase 11 times during a recent press conference, indicating patience in policy decisions [2] - Following the Fed's rate decision, market expectations for a June rate cut have decreased, with a general consensus that cuts may occur in the second half of the year [2] - Former Fed advisor William English suggested that the Fed should remain inactive for the time being, highlighting the difficult position they are in [3]