News Item
Federal Reserve Chairman Jerome Powell says our national unemployment rate is being raised by Homeland Security chief Alejandro Mayorkas and mandated huge inflow of migrants.
The Mayorks ability to raise and lower the migration rate makes him the National de facto [b ]Labor Czar [/B]
and gives him extraordinary influence over American employment rates, wages and housing, and even their interest rates.
On Wednesday, Powell explained his decision to reduce interest rates, and he was asked by a reporter if some Americans would need to lose their jobs to help reduce wage gains that contribute to inflation. Powell responded:
The current inflow is raising unemploymentIn h