[Allianz Investment Management: The Fed Will Need to Continue Balancing Its Dual Mandate] Odaily Planet Daily News – Charlie Ripley, Vice President of Portfolio Management at Allianz Investment Management, stated in a report that Federal Reserve Chair Jerome Powell and his team are in a challenging position, as they must continue to find a balance between their dual mandate of employment and inflation. Ripley said, 'Looking ahead, this is likely to be the last rate cut implemented by Chair Powell. Although we have not yet returned to a neutral level from an interest rate perspective, it can be said that substantial progress has been made in curbing inflation.' He pointed out that regardless of who the next Fed Chair is, they will face the same daunting balancing task, especially as hawkish expectations for policy remain strong following the rotation of voting members. (Jin10)