The ongoing dispute between President Donald Trump and the Federal Reserve (Fed) over interest rate cuts continues. Cleveland Fed President Beth Hammack's recent statements have been interpreted by the market as a signal that a rate cut might be possible in June, leading to a rebound in both U.S. and Taiwanese stock markets.

However, Nick Timiraos, a journalist for The Wall Street Journal, known as the 'voice of the Fed', pointed out that the market may be overly optimistic in its interpretation. The true focus of Hammack's remarks is that the Fed will not readily consider interest rate cuts until the U.S. economic situation becomes clearer.

Investment director Tsai Ming-chang from Wanbao Investment Advisory also cautioned that while the theme of interest rate cuts is attractive, the timing is still far off. He advises investors to focus on 'Switch 2 concept stocks' and 'defense stocks' as the two categories to watch.

Federal Reserve board member Christopher Waller also recently expressed that there is currently no rush to cut rates, asserting that Trump's new tariff policies will only have a noticeable economic impact after July. Thus, the actual movements in the economy and inflation need to be observed more clearly in the latter half of the year.

Overall, experts argue that it is still too early to discuss interest rate cuts, and the real investment opportunities lie in stocks with clear growth trajectories.