Central Banking

Lower immigration slows growth, warns Minneapolis Fed president

Neel Kashkari tells local business leaders that thriving communities embrace immigration

Neel Kashkari

Lower immigration rates will slow economic growth in the US, president of the Federal Reserve Bank of Minneapolis, Neel Kashkari, said on August 7 in an encounter with local business leaders in Sioux Falls, South Dakota.

US President Donald Trump has implemented a travel ban affecting six Muslim countries, and advocates for reducing both the number of legal migrants and refugees going into the US.

Reflecting on shrinking rural communities in the state, Kashkari pointed out that the cities that

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Interview: Kenneth Rogoff

In this wide-ranging interview, the former chief economist of the IMF discusses the likely fallout from the unsustainable US deficits, the dollar's hegemony, the Fund's failings, the weak spots in the global economy and the future of central banks.

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.