Janet Yellen slammed over mass deportation remarks: 'It's so transparently political,' says Michael Lee | Fox Business Video
In a recent discussion, Treasury Secretary Janet Yellen stated that mass deportation of undocumented immigrants could lead to increased inflation. This view was critiqued by strategy founder Michael Lee, who called Yellen's remarks 'transparently political.' Lee also provided insights into the tech stocks market in light of these comments.
Stock Forecasts
XLK
Positive
The concerns raised by Janet Yellen regarding inflation and potential economic impact may lead to cautious sentiment in sectors sensitive to immigration policies, particularly labor-intensive industries. Investors in tech stocks may see varied outcomes based on their reliance on immigrant labor.
AAPL
Positive
Given that tech stocks have shown resilience and growth, shifts in policy discussions and their socio-economic implications might bolster long-term tech investments, reflecting their adaptability and ongoing demand.
Related News
Laffer Tengler CEO and CIO Nancy Tengler discusses investment opportunities and more on ‘Making Money.'
Taiwanese Employees of Foxconn, the Apple Supplier, Detained in China
Oct 11, 2024, 2:24 AM
Taiwan’s government said that they had been accused of a breach of trust, but that their employer, Foxconn, had denied the company suffered any losses.
China detains iPhone maker workers in 'strange' case
Oct 11, 2024, 12:20 AM
The Taiwanese government suggested the detentions may be a case of "abuse of power" by Chinese police.