WASHINGTON, Jan 14 (Reuters) - The Trump administration's deregulation effort will put downward pressure on inflation and is another reason for the U.S. central bank to cut interest rates, Federal Reserve Governor Stephen Miran said on Wednesday.
In comments prepared for delivery to an economic forum in Greece, Miran said that while the macroeconomic impact of deregulation is hard to measure, the steps taken under President Donald Trump last year and those still to come may eliminate as much as 30% of existing rules on business, and lower inflation by perhaps half a percentage point a year.
