The Role of Immigration in Economic Recovery, According to the Fed Chair - Video

In this "60 Minutes" interview, Fed Chair Powell discusses the critical role that immigration played in the stabilization of the labor market during the economic recovery. He explains that the return of several million workers, who had previously left the labor force for various reasons related to the COVID-19 pandemic, did not happen as expected in 2022. This led to a shortage of workers, which impacted the labor supply. However, in 2023, there was a rise in labor force participation among prime-age workers and a resumption of immigration to pre-pandemic levels. Chair Powell emphasizes the importance of immigration in providing a much-neede......

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