Fed Governor Milan: Regulatory easing will put downward pressure on prices, providing a reason for interest rate cuts

Odaily News Fed Governor Milan stated that regulatory easing should put downward pressure on prices, which is another reason for the US central bank to cut interest rates. By 2030, perhaps 30% of regulations could be eliminated, potentially reducing inflation by half a percentage point each year. Regulatory easing is equivalent to a positive supply and productivity shock, providing more capacity for the economy and alleviating price pressures. (Jin10)