Allianz Investment Management: The Federal Reserve Needs to Continue Balancing Its Dual Mandate of Employment and Inflation

According to ChainCatcher, citing Golden Ten Data, Charlie Ripley, Vice President of Allianz Investment Management, stated in a report that Federal Reserve Chairman Jerome Powell and his team are in a difficult position and must strike a balance between employment and inflation. Ripley believes this may be the last rate cut implemented by Powell. Although the rate has not yet returned to a neutral level, substantial progress has been made in curbing inflation. He pointed out that regardless of who the next Federal Reserve chair is, they will face the same balancing task, especially after the rotation of voting members, as the market's hawkish expectations for policy stance remain strong.