Without immigration, U.S. economy would grow more slowly -Fed's Kashkari

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April 21 (Reuters) - Minneapolis Federal Reserve Bank
President Neel Kashkari said Friday that immigration has been a
key driver of U.S. economic growth, and without it, or increased
fertility domestically, the economy simply will not grow as fast
as before.
    "We can either accept slower growth, we can subsidize
fertility, which is pretty expensive, right, or you can embrace
immigration," Kashkari said at Hamline University in St. Paul,
Minnesota. "And those are the three choices, and that's
literally math, and you can pick which one you like."
    Kashkari said he had not yet factored in any of the Trump
administration's plans for tax, regulatory or other fiscal
reforms into his forecasts, saying it was still too early to
know what policies will be implemented.

 (Reporting by Ann Saphir; Editing by Meredith Mazzilli)
 ((Ann.Saphir@thomsonreuters.com; 415-677-2516;
www.twitter.com/annsaphir; Reuters Messaging:


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