Immigrants in Maine Are Filling a Labor Gap. It May Be a Prelude for the U.S.
A wave of rapid immigration is taxing local resources around the country and drawing political ire. But it might leave America’s economy better off.
By Jeanna Smialek
I write about the Federal Reserve — the world’s most powerful central bank — and the state of the American economy. My stories focus on what is happening with interest rates, inflation and the job market, and explain how economic policymakers are thinking and acting.
I have covered the economy for more than a decade, writing about everything from the opioid epidemic’s effects on the job market to marriage trends and inequality. I have written for Bloomberg and Bloomberg Businessweek and I contribute regularly to Marketplace radio. I am the author of a book about the changing role of the modern Fed: “Limitless: The Federal Reserve Takes on A New Age of Crisis.” I have a bachelor’s in journalism and global studies from the University of North Carolina at Chapel Hill and a Master’s in Business Administration from New York University’s Stern School.
I was born and raised in a small town outside of Pittsburgh, and I now live in Washington.
All Times journalists are committed to upholding the high standards outlined in our Ethical Journalism Handbook, and I am particularly cautious because I write about events that can move financial markets. I do not actively trade investments of any kind. I keep my retirement savings in broad funds. I cannot accept gifts, money or favors from anyone who might figure into my reporting. I do not participate in politics, nor do I make political donations. I am always careful to identify myself as a reporter for The Times in news-related conversations.
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A wave of rapid immigration is taxing local resources around the country and drawing political ire. But it might leave America’s economy better off.
By Jeanna Smialek
Stubborn inflation and strong growth could keep the Federal Reserve wary about interest rate cuts, eager to avoid adding vim to the economy.
By Jeanna Smialek
This was featured in live coverage.
By Jeanna Smialek
The surprisingly stubborn reading raised doubts about when — and even whether — the Federal Reserve will be able to start cutting interest rates this year.
By Jeanna Smialek
Investors went into 2024 expecting the Federal Reserve to cut rates sharply. Stubborn inflation and quick growth call that into question.
By Jeanna Smialek
A government economist had regular contact with “super users” in finance, records show, at a time when such information keenly interests investors.
By Ben Casselman and Jeanna Smialek
Immigration and increased labor force participation have helped employers to add workers even as wage growth moderates.
By Jeanna Smialek
This was featured in live coverage.
By Jordyn Holman and Jeanna Smialek
This was featured in live coverage.
By Jeanna Smialek
This was featured in live coverage.
By Jeanna Smialek