Federal Reserve Board Member Milan: Deregulation Will Lead to Price Declines and Provide a Reason for Rate Cuts

Odaily Planet Daily News: Federal Reserve Board Member Milan stated that deregulation should exert downward pressure on prices, providing another reason for the U.S. Federal Reserve to cut interest rates. By 2030, perhaps 30% of regulations could be eliminated, potentially reducing inflation by half a percentage point annually. Deregulation is akin to a positive supply and productivity shock, offering more capacity to the economy and alleviating price pressures.