Fed’s Miran Adds Deregulation to His Argument for Rate Cuts (1)

Federal Reserve Governor Stephen Miran said the Trump administration’s deregulatory agenda offers the central bank an additional reason to continue lowering interest rates.

“I believe that the sweeping deregulation underway in the United States will significantly boost competition, productivity and potential growth, allowing faster economic growth without putting upward pressure on inflation,” Miran said Wednesday at an event in Athens.

Miran is serving at the Fed while on unpaid leave as one of President Donald Trump’s top White House economic advisers. Since joining the central bank in September, he has repeatedly argued for a quick series of outsize rate cuts ...