Golden Finance reports that The Federal Reserve's Daly stated, "This year, it is difficult to achieve the 2% inflation target. Real progress has been made on the inflation issue, and the Federal Reserve is firmly committed to achieving the inflation goal. The Federal Reserve's monetary policy and the U.S. economy are in good shape. Deregulation and tax cuts are generally favourable for overall economic growth. It is expected to continue to drive down inflation, and although the labor market has slowed somewhat, it remains strong. Now is not the right time to adjust the Federal Reserve's dual mandate."