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4/24/2017, 6:36 PM (Source: TeleTrader)
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Kashkari: It's either more babies or immigration

If the United States isn't ready to accept low growth in the long term, the only way is to invest in expansive population policies, said Neel Kashkari, president of the Federal Reserve Bank of Minneapolis. Speaking in Los Angeles on Monday, he stressed it can be achieved by two methods: boosting birthrates and opening the country more to immigration.

Asked about the most important pro-growth measure to be implemented with tax dollars, this year's voting member of the Federal Open Market Committee opted for enabling better access to quality education for all young people. Kashkari underscored earlier generations have been in a better position. Turning to the infrastructure investment plan in the pipeline of President Donald Trump's administration, the central banker argued he doesn't think the situation in the sector is trailing other countries nor does it impede economic growth or competitiveness.

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