美联储理事米兰将政府放松监管纳入降息论据

Core Viewpoint - The Federal Reserve Governor Stephen Milan suggests that the deregulation agenda of the Trump administration provides additional justification for continued interest rate cuts by the Federal Reserve [1] Group 1: Economic Impact of Deregulation - Milan believes that the large-scale deregulation efforts underway in the U.S. will significantly enhance competition, productivity, and potential growth rates without increasing inflationary pressures, leading to faster economic growth [1] - He anticipates that by 2030, 30% of regulatory restrictions in the Federal Register will be eliminated, based on the pace of deregulation projected by the Trump administration through 2025 [1] Group 2: Monetary Policy Implications - The overall effect of the large-scale deregulation implemented by 2025 is expected to continue for at least three more years, which will have a substantial positive impact on productivity and exert downward pressure on prices [1] - This net effect supports a more accommodative monetary policy stance by the Federal Reserve [1]