Deportations and tariffs threaten U.S. economic growth and labor markets

Top economist Mark Zandi warns that Trump's aggressive immigration deportations could push inflation from 2.5% to nearly 4% next year by reducing the labor supply, especially in sectors reliant on immigrant workers. The White House disputes this, citing efforts to boost native-born employment. The debate highlights differing views on whether the current economic slowdown is driven by supply constraints due to immigration policies or a genuine demand decline, with significant implications for Federal Reserve policy.