Removing millions of illegal immigrants from the country could have “devastating” unintended economic consequences, Treasury Secretary Janet Yellen said at The Atlantic Festival on Sept. 19.
As part of his 2024 platform, former President Donald Trump has pledged to “carry out the largest deportation operation in American history” if reelected.
Estimates vary on how many illegal immigrants are in the United States. Some estimates put the number at 11 million, while others suggest it’s closer to 30 million.
Yellen said she thinks the Republican presidential candidate’s deportation proposal “would raise inflation.”
“The influx of workers into the labor market is something that’s helped to bring down inflation and create a lot of jobs,” she said….