Fed Chair Powell Links Rising Unemployment to Immigration Surge

Jerome Powell attributes higher U.S. unemployment rates to the influx of migrants under the Biden-Harris administration's policies.

Federal Reserve Chairman Jerome Powell stated that the significant influx of migrants has contributed to the rising unemployment rate in the U.S.
Powell explained that the current job creation rate is insufficient to absorb the millions of new workers entering the labor market.
House Speaker Mike Johnson and other critics argue that the Biden-Harris administration's immigration policies are harming American workers and the economy.
Powell's comments were made during a press conference where he also defended a recent interest rate cut aimed at supporting the labor market.
Homeland Security Secretary Alejandro Mayorkas has been criticized for his handling of immigration, with some labeling him as having undue influence over labor and economic policies.