Federal Reserve Governor Milan includes government deregulation as an argument for easing interest rates.

Federal Reserve Governor Stephen Milan stated that the Trump administration's deregulatory agenda provides additional reasons for the Federal Reserve to continue cutting interest rates. Milan said at an event in Athens on Wednesday, "I believe that the extensive deregulation being pursued by the United States will significantly boost competition, productivity, and potential growth rates, achieving faster economic growth without increasing inflation pressures." Milan said that based on the pace of deregulation under the Trump administration's early 2025 initiatives, he expects 30% of regulatory restrictions in the Federal Regulatory Code to be eliminated by 2030. Milan stated, "Overall, I believe that the extensive deregulation implemented by 2025 will continue to progress for at least three more years in the future, which will have a significant positive impact on productivity, leading to downward pressure on prices. The net effect is to support a more accommodative monetary policy stance."