Allianz Investment Manager Charlie Ripley said in a report that Federal Reserve Chairman Jerome Powell and the Federal Reserve are in a difficult situation as they continue to seek balance in their dual missions of employment and inflation. The senior investment strategist said, “Looking ahead, this is probably the last rate cut implemented by Chairman Powell, and although we have not returned to a neutral level from an interest rate perspective, it can be said that the progress made in terms of inflation is impressive. “Whoever takes on this role in the next era of the Federal Reserve will face the same difficult balance issues, especially when rotating voting members take a tight view of the market,” he said.

Allianz Investment Manager Charlie Ripley said in a report that Federal Reserve Chairman Jerome Powell and the Federal Reserve are in a difficult situation as they continue to seek balance in their dual missions of employment and inflation. The senior investment strategist said, “Looking ahead, this is probably the last rate cut implemented by Chairman Powell, and although we have not returned to a neutral level from an interest rate perspective, it can be said that the progress made in terms of inflation is impressive. “Whoever takes on this role in the next era of the Federal Reserve will face the same difficult balance issues, especially when rotating voting members take a tight view of the market,” he said.