Immigration as Inflation Lever

A Trump‑aligned policy speech argues the appropriate fed funds rate is in the mid‑2% (about two points below current policy) and claims that moving to net‑zero immigration would reduce rent inflation by roughly 1 percentage point per year for about 100 million renters. This reframes immigration restriction as a tool to manage inflation—specifically housing costs—while pushing for easier monetary policy. — It injects immigration policy into macroeconomic inflation management, signaling a potential shift in how a future administration might justify rate cuts and housing strategy.