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Central Banker Says: "Less Immigration Equals Less Growth

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Minneapolis Federal Reserve Bank President Neel Kashkari urged residents of South Dakota to embrace newcomers. The statements come less than week after U.S. President Donald Trump embraced legislation to reduce immigration. Responding to a question about a Trump-backed bill to cut legal immigration by 50 percent over the next 10 years, Kashkari said at the Rotary Club of Downtown Sioux Falls, "Just going to math, if a big source of economic growth is population growth, and your population growth slows, either because you restrict immigration or because you have fewer babies, your economic growth is going to slow. Do we want economic growth, or not? That’s what it comes down to." Kashkari not alone in seeing immigration as key to U.S. economic growth.

Added on the 07/08/2017 16:06:23 - Copyright : Wochit

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