Final answer:
The RT should continue the current management for the infant.
Step-by-step explanation:
The RT should continue the current management for the 38-week gestational age infant receiving 35% oxygen with a pH of 7.34, PCO2 of 32 mmHg, and PO2 of 68 mmHg. The ABG values indicate a relatively normal acid-base balance, with a slightly lower than normal PCO2 and PO2 levels. The infant is already receiving supplemental oxygen, so increasing the oxygen concentration is not necessary.