Sign up to receive our free weekday morning edition, and you'll never miss a scoop.
Sen. Tim Scott speaks during a Senate Banking Committee hearing.
The Vault
March 07, 2024

Scott fixates on illegal immigration during Powell testimony

The Senate Banking Committee took a sharp right turn into immigration policy this morning thanks to Sen. Tim Scott (R-S.C.).

Scott, the top Republican on the Senate Banking panel, pressed Federal Reserve Chair Jay Powell at length on the economic impacts of illegal immigration. Scott also happens to be a contender to be former President Donald Trump’s running mate ahead of the 2024 general election. Immigration has long been one of Trump’s top policy issues.

Subscripion logo

Become a Premium Policy member to continue reading The Vault

Join The Vault
Already a subscriber? Log In
The Vault Finance + Economy Senate The Vault
Advertisement

Presented by Wells Fargo

At Wells Fargo, we cover more rural markets than many large banks, and nearly 30% of our branches are in low- or moderate-income census tracts. What we say, we do. See how.

Related
Powell signals broad changes in the works for capital rules
A rule can change a lot between the proposal and the final regulation, but changing shape too much could run afoul of the Administrative Procedure Act.
The Vault Finance + Economy
Powell, Congress and other things to yell about
The Vault
Tim Scott’s plan to ‘revitalize’ US capital markets
Finance + Economy
Editorial photos provided by Getty Images. Political ads courtesy of AdImpact.