Fed official says U.S. immigration crackdown could hit economyNEW YORK (Reuters) - The Trump administration’s crackdown on illegal immigrants will likely weaken overall U.S. consumer spending and economic growth as those targeted for arrest increasingly choose to stay home and save more, a Federal Reserve policymaker said on Wednesday. Millions of immigrants “are not going out and shopping, they are staying home, they are afraid if they go out they are not coming home,” Dallas Fed President Robert Kaplan said when asked about U.S. President Donald Trump’s months old directive.  “On the margin - and it’s too soon for the data to pick it up, but you hear it anecdotally - I believe we are going to see it, I believe those people are more likely to save than to spend,” he added at the Council on Foreign Relations. “And those two effects have some muting effect on consumer spending and therefore GDP growth.” politicsNews
fed official says immigration crackdown could hit economynew york reuters the trump administration crackdown illegal immigrants likely weaken overall consumer spending economic growth targeted arrest increasingly choose stay home save federal reserve policymakers said wednesday millions immigrants going shopping staying home afraid go coming home dallas fed president robert kaplan said asked president donald trump months old directive on margin soon data pick hear anecdotal i believe going see i believe people likely save spend added council foreign relations and two effects mating effect consumer spending therefore gdp politicsnews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: Fed official says U.S. immigration crackdown could hit economyNEW YORK (Reuters) - The Trump administration’s crackdown on illegal immigrants will likely weaken overall U.S. consumer spending and economic growth as those targeted for arrest increasingly choose to stay home and save more, a Federal Reserve policymaker said on Wednesday. Millions of immigrants “are not going out and shopping, they are staying home, they are afraid if they go out they are not coming home,” Dallas Fed President Robert Kaplan said when asked about U.S. President Donald Trump’s months old directive.  “On the margin - and it’s too soon for the data to pick it up, but you hear it anecdotally - I believe we are going to see it, I believe those people are more likely to save than to spend,” he added at the Council on Foreign Relations. “And those two effects have some muting effect on consumer spending and therefore GDP growth.” politicsNews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: fed official says immigration crackdown could hit economynew york reuters the trump administration crackdown illegal immigrants likely weaken overall consumer spending economic growth targeted arrest increasingly choose stay home save federal reserve policymakers said wednesday millions immigrants going shopping staying home afraid go coming home dallas fed president robert kaplan said asked president donald trump months old directive on margin soon data pick hear anecdotal i believe going see i believe people likely save spend added council foreign relations and two effects mating effect consumer spending therefore gdp politicsnews