Federal Reserve Official Suggests Deregulation Could Lower Inflation

According to Odaily, Federal Reserve Governor Milan stated that easing regulations could exert downward pressure on prices, providing another reason for the U.S. central bank to consider interest rate cuts. By 2030, it may be possible to eliminate 30% of regulations, potentially reducing inflation by half a percentage point annually. Deregulation is seen as a positive supply and productivity shock, offering the economy more capacity and alleviating price pressures.