This podcast discusses the economic ramifications of President Trump's immigration policies. The hosts, economists from Morgan Stanley, analyze the significant increase in immigration post-pandemic and its positive impact on the US economy, contrasting it with the anticipated effects of stricter immigration policies under a second Trump term. They predict a slowdown in economic growth and employment, potentially impacting the Federal Reserve's actions, with a projected decrease in annual immigration from 3 million to around 1 million by 2025. The discussion highlights the uncertainty surrounding the actual impact and the challenges in obtaining timely data to assess the situation.
