Allianz Investment Management: The Federal Reserve needs to continue balancing its employment and inflation mandates

According to Jinshi News, 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 may be Powell's last rate cut, and although it has not yet returned to neutral levels, substantial progress has been made in curbing inflation. He pointed out that whoever the next Federal Reserve leader is will face the same balancing act, especially after the rotation of the voting members, as the market still has strong hawkish expectations for policy stance.