While the nation’s senators are busy patting themselves on the back for passing a bill that will be left to rot in the chambers of the House of Representatives, it’s worth taking the time to look at this first round of immigration reform legislation and determine what, if any, economic factors will take shape as the law develops.
In a recent speech, Richmond Federal Reserve Branch head Jeff Lacker discussed recent occurrences in the market and sought to clarify what he believed was a significant negative reaction in global markets.
Since the disclosure, members of both the EU and European national governments have voiced outrage over what German Chancellor Angela Merkel dubbed “Cold War tactics.”