Fed’s Kaplan Says Immigration, Mexican Trade Make U.S. Stronger
- Dallas Fed chief’s arguments contradict Trump positions
- Kaplan says immigration is essential to growth of labor force
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Federal Reserve Bank of Dallas President Robert Kaplan said trade with Mexico protects U.S. jobs and immigration is key to the country’s long-term health, contradicting public positions taken by Donald Trump without directly naming the president-elect.
In remarks Wednesday to an audience in Dallas, Kaplan, a Fed policy voter in 2017, spelled out why their southern neighbor was already deeply integrated within the U.S. economy.