Allianz Investment Management: The Federal Reserve will need to continue balancing its dual mandate

Odaily Planet Daily reports that Charlie Ripley, Vice President of Portfolio Management at Allianz Investment Management, stated in a report that Federal Reserve Chairman Jerome Powell and his team are in a difficult position, as they must continue to find a balance between their dual mandates of employment and inflation. Ripley stated, "Looking ahead, this is likely Chairman Powell's last rate cut. While we are not yet back to neutral in terms of interest rates, we can say that substantial progress has been made in curbing inflation." He pointed out that whoever is the next Fed chairman will face the same challenging balancing act, especially given the continued strong hawkish expectations for a policy stance following the rotation of voting members. (Jinshi)