Federal Reserve Governor Stephen Miran Argues Deregulation Justifies Interest Rate Cuts

Federal Reserve Governor Stephen Miran argues that deregulation will lower inflation and justifies more rate cuts. He warns that failing to act could lead to a contraction.

Federal Reserve Governor stephen miran stated on Wednesday that aggressive deregulation efforts by the Trump administration will exert significant downward pressure on inflation and justify a more accommodative monetary policy for the USUS. Delivering prepared comments to an economic forum in Greece on January 14, 2026, stephen miran argued that the central bank should proactively cut interest rates in response to supply-side productivity gains resulting from the elimination of existing business rules.
FILE PHOTO: Federal Reserve Governor Stephen Miran speaks at the Economic Club of New York in New York City, U.S., September 22, 2025. REUTERS/Shannon Stapleton/File Photo
FILE PHOTO: Federal Reserve Governor Stephen Miran speaks at the Economic Club of New York in New York City, U.S., September 22, 2025. REUTERS/Shannon Stapleton/File Photo
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