‘Unprecedented’ immigration boosts US economy – Dallas Fed

Authors say there is reason to believe immigration is net neutral for inflation


Unprecedented immigration to the US is boosting economic output and employment, researchers with the Federal Reserve Bank of Dallas say.

“If immigration normalises, it will return to rates that are insufficient to sustain the type of economic growth the US is accustomed to,” Pia Orrenius, Ana Pranger, Madeline Zavodny and Isabel Dhillon warn. “The nation is in a sort of demographic autumn and winter is coming.”

“The retirement of the baby boomers and overall aging of the workforce, as well as low

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