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Why the Fed is thinking about immigration episode artwork

Dec 11, 2025 25 min

Why the Fed is thinking about immigration

from Marketplace Hosted by Marketplace

Federal Reserve Chair Jay Powell’s latest presser was all about the job market. Buried among the usual talking points, like hiring sentiment and the unemployment rate, was immigration. That’s because the current administration’s immigration policies are complicating Fed measures of labor market health. In this episode, falling immigration turns jobs data on its head. Plus: Robust economic growth comes without typical job creation, U.S.-China trade tensions cool, and one company teaches AI to sort your trash. Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter. Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.

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Why the Fed is thinking about immigration

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This episode is 25 minutes long.

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This episode was published on December 11, 2025.

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