Fed’s Miran: Deregulation last year was substantial
Federal Reserve (Fed) Governor Stephen Miran said that he thinks deregulation should put downward pressure on prices and stated that if central banks don't accommodate the impact of deregulation, it makes policy too tight, in a speech at the Delphi Economic Forum in Athens on Wednesday.

Federal Reserve (Fed) Governor Stephen Miran said that he thinks deregulation should put downward pressure on prices and stated that if central banks don't accommodate the impact of deregulation, it makes policy too tight, in a speech at the Delphi Economic Forum in Athens on Wednesday.

Key takeaways

Deregulation should put downward pressure on prices, another reason for US central bank to cut interest rates.

Deregulation amounts to a positive supply, productivity shock, giving the economy more capacity and easing price pressures.

Deregulation last year was 'substantial' and is expected to continue.

If central banks don't accommodate impact of deregulation it makes policy too tight, with needless damper on growth.

perhaps 30% of regulations could be eliminated by 2030, cutting inflation by perhaps half a percentage point a year."

US Dollar Price Today

The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the Australian Dollar.

USD EUR GBP JPY CAD AUD NZD CHF
USD -0.07% -0.13% -0.57% 0.00% 0.02% -0.18% -0.15%
EUR 0.07% -0.06% -0.48% 0.08% 0.10% -0.11% -0.08%
GBP 0.13% 0.06% -0.40% 0.14% 0.16% -0.05% -0.01%
JPY 0.57% 0.48% 0.40% 0.56% 0.58% 0.36% 0.41%
CAD -0.01% -0.08% -0.14% -0.56% 0.02% -0.19% -0.15%
AUD -0.02% -0.10% -0.16% -0.58% -0.02% -0.21% -0.17%
NZD 0.18% 0.11% 0.05% -0.36% 0.19% 0.21% 0.04%
CHF 0.15% 0.08% 0.01% -0.41% 0.15% 0.17% -0.04%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).

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COTATIONS EN DIRECT

Nom / Symbole
Graphique
% Variation / Prix
GBPUSD
Variation 1 jour
+0%
0
EURUSD
Variation 1 jour
+0%
0
USDJPY
Variation 1 jour
+0%
0

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