Federal Reserve Board member Stephen Milian claimed that the Trump administration's deregulation agenda provides an additional reason for the Federal Reserve to continue cutting interest rates. "I believe that the comprehensive deregulation currently underway in the United States will significantly boost competition, productivity, and potential growth, thereby allowing faster economic growth without generating inflationary pressures," Milian said at an event in Athens, Greece. He supported his view by citing various factors, including his expectation that housing inflation will slow down and his lower estimate of the so-called "neutral rate" (the level at which Federal Reserve policy neither stimulates nor restrains the economy). "This will support the continued easing of restrictive monetary policy, but ignoring these (decoupling) effects will lead to unnecessary tightening of monetary policy," he said when discussing deregulation. Milian stated that based on the pace of deregulation in the first half of 2025 under the Trump administration, he estimates that 30% of regulatory restrictions in the Code of Federal Regulations will be eliminated by 2030.