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

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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.

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