【Federal Reserve Chair Powell: Declining Immigration Levels Lead to a Weak Labor Market】
Washington time, October 29, 2025, Federal Reserve Chair Jerome Powell said at a press conference:
The arrival of new workers has sharply decreased, and there are two factors contributing to the weak labor market: the decline in labor participation rate is cyclical; the level of immigration has also declined, which is a major change in policy that began and was accelerated by the previous administration. The difference between supply and demand can also affect unemployment statistics, depending on which indicator declines or rises faster.
Original: www.toutiao.com/article/1847348320125960/
Statement: This article represents the views of the author himself.