Reported 14 days ago
Minneapolis Federal Reserve President Neel Kashkari stated that widespread deportations of foreign-born workers could disrupt certain businesses in the U.S., though the overall effect on inflation and the economy remains uncertain. In a CBS interview, he highlighted the potential workforce loss in industries like agriculture and manufacturing, indicating that how businesses and lawmakers address these challenges will be crucial. As the Federal Reserve considers interest rate cuts amid nearing inflation targets, Kashkari emphasized that the economic impact of Trump's proposed policies would depend on detailed implementations and international reactions.
Source: YAHOO