Fed's Daly: Inflation Rate Unlikely to Reach 2% Target This Year

According to a report by Jinse Finance, Federal Reserve's Daly stated, "It is difficult to achieve the 2% inflation target this year. Real progress has been made on the inflation issue, and the Federal Reserve is firmly committed to achieving the inflation target. The Federal Reserve's monetary policy and the U.S. economy are in good condition. Deregulation and tax cuts are generally beneficial for economic growth. It is expected to continue driving down inflation, and although the labor market has slowed down, it remains strong. It is not the right time to adjust the Federal Reserve's dual mandate."