This is the ‘BIG VALUE' of deregulation, says Fed chair candidate

Core Viewpoint - The Federal Reserve is navigating economic challenges with a focus on labor market conditions and inflation data, despite criticisms of its policy approach [1][2][11]. Inflation and Economic Data - Current inflation rates are reported at 3% year-over-year, with core CPI also at 3%, indicating persistent inflation concerns [4][10]. - Grocery prices have increased by 3.2% over the past year, reflecting ongoing public concern about inflation [5]. - The Federal Reserve anticipates inflation will decrease, with forecasts suggesting a return to target levels [10][12]. Policy Decisions - The Federal Reserve is considering cutting policy rates in December, based on data indicating that inflation will eventually decline [11][12]. - There is a belief that tariffs have a minor and temporary effect on inflation, and the Fed should focus on broader economic indicators [3][6][9]. Economic Growth Projections - The Federal Reserve's long-term growth forecast is set at 1.8%, which some analysts argue is overly conservative given current economic policies [13][14]. - There is optimism regarding potential productivity gains from technological advancements, although immediate impacts may not be seen [15][16]. Regulatory Environment - Deregulation is viewed as a means to lower capital costs and stimulate economic growth, paralleling the effects of interest rate cuts [21][22]. - The Federal Reserve staff considers the impact of deregulation and tax incentives when estimating potential GDP growth [20][21].