Reported 21 days ago
Federal Reserve Chair Jerome Powell's recent comments highlight the economic implications of immigration in Springfield, Ohio, which has welcomed around 15,000 Haitian refugees. During a Senate hearing prompted by Senator JD Vance, Powell acknowledged the strain on local resources, particularly in housing and healthcare, while expressing skepticism about broad claims linking immigration to inflation. With the 2024 campaign's increasing anti-immigrant rhetoric overshadowing these economic discussions, Powell is expected to navigate carefully during upcoming Fed meetings.
Source: YAHOO