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

ChainCatcher reports that, according to Jintiao, Charlie Ripley, Vice President of Allianz Investment Management, stated in a report that Federal Reserve Chairman Powell and his team are in a difficult position, needing to find a balance between employment and inflation. Ripley believes this could be the last rate cut implemented by Powell. Although not yet back to neutral levels, significant progress has been made in curbing inflation. He pointed out that whoever the next Fed Chair is, they will face the same balancing challenge, especially after the FOMC rotation, with market expectations still leaning towards a hawkish policy stance.