Unhedged Immigration and unemployment
Sep 26, 2024
Jay Powell, chair of the US Federal Reserve, joins Rob Armstrong and Aiden Reiter to dissect the complex relationship between immigration and unemployment. Powell emphasizes that an influx of immigrants can lead to rising unemployment if job creation doesn’t keep pace. The trio also dives into the challenges of capturing accurate employment data for immigrants, particularly undocumented workers. Additionally, they explore China's recent economic stimulus efforts and their potential impact on the struggling stock market.
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