Federal Reserve Governor Waller: Regulatory easing will put downward pressure on prices, providing a rationale for rate cuts

BlockBeats News, January 14th, Federal Reserve Board Governor Milan stated that relaxing regulation should bring downward pressure on prices, which is another reason for the US Federal Reserve to cut interest rates. By 2030, perhaps 30% of the regulations can be eliminated, potentially reducing inflation by half a percentage point annually. Relaxing regulation is equivalent to a positive supply and productivity shock, providing the economy with more capacity and alleviating price pressures. (FXStreet)