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Fed Officials Say Higher Immigration Could Ease U.S. Labor Shortage

  • Barkin: immigration is ‘helpful supplement’ to grow workforce
  • Embracing immigration can feed the economy, Kashkari says
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Immigration, which slowed during the pandemic, could help ease a shortage of workers in the U.S. that’s pushed job vacancies to an all-time high, according to policy makers at the Federal Reserve.

While it remains a hot-button political topic in the U.S. -- with some arguing that immigration comes at the expense of American jobs -- two regional Fed presidents are making the case this month that it all boils down to “math.”