美联储理事米兰为持续降息找到新理由：特朗普政府去监管

Core Viewpoint - Stephen Miran, a Federal Reserve governor appointed by President Trump, advocates for aggressive interest rate cuts, arguing that the Trump administration's deregulation agenda will significantly boost productivity and potential growth, thereby justifying continued rate cuts by the Federal Reserve [1][2]. Group 1: Deregulation and Economic Impact - Miran asserts that the ongoing comprehensive deregulation will enhance competition, productivity, and potential growth, allowing the economy to achieve faster growth without upward inflationary pressures [2][3]. - He predicts that by early 2025, 30% of federal regulations will be eliminated, which he believes will have a substantial positive impact on productivity and exert downward pressure on prices, supporting a more accommodative monetary policy stance [1][2]. Group 2: Interest Rate Expectations - Miran has expressed a desire for the Federal Reserve to cut rates by approximately 150 basis points by 2026 to support labor market recovery, arguing that current rates are significantly above neutral levels and that monetary policy remains restrictive [4]. - He estimates the core inflation rate to be around 2.3%, indicating that inflation is within a manageable range, allowing for potential rate cuts without triggering unnecessary inflation [4]. - The divergence in views among Federal Reserve officials is highlighted, with some supporting further rate cuts due to labor market concerns, while others advocate for caution given inflation remains above the Fed's 2% target [4].