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Yellen: Immigration policy change may slow growth www3.nhk.or.jp
The chair of the US Federal Reserve has repeated that President Donald Trump's immigration policies could slow the country's economic growth. Janet Yellen made the testimony before a House committee.
Yellen said that immigration has been an important source of labor force growth in the United States.
She also said that radical change in immigration would certainly affect the potential of the economy to grow.
Yellen stressed the importance of immigrants in the labor force during her Senate testimony the previous day.
The Fed chair has also been expressing concern that Trump's proposed tax cuts and stepped-up spending plans could hurt the country's fiscal health.
Published Date:2017-02-16
