New Fed Report Shows How Joe Biden's Illegal Alien Invasion Brutalized Our Economy

Matt Vespa | July 06, 2026 7:00 AM

We know what happens when illegal aliens are deported: rents spike, home prices surge, schools become overcrowded, and wages fall. The Federal Reserve is releasing a new report that shows the damage caused by Joe Biden’s illegal alien influx and how deportations are restoring economic balance. Fox Business broke the news first.

Democrat politicians cause virtually every problem you face, and they have no real solutions for anything.

Aside from being woke, weak, and way too liberal, they are incompetent. https://t.co/yz1VpADhJN
— James Blair (@JamesBlairUSA) July 5, 2026

🚨#BREAKING: Fed economists reveal Biden-era illegal immigration was linked to roughly 30% of home-price growth & 20% of rent growth in the average metro area.
— R A W S A L E R T S (@rawsalerts) July 6, 2026

The paper, published by the Federal Reserve Bank of Dallas, combines immigration court records with government administrative data to measure how the unprecedented wave of illegal immigration between 2021 and 2024 affected local labor and housing markets.
The authors caution the study is a preliminary draft circulated for professional comment and does not necessarily reflect the views of the Federal Reserve Bank of Dallas or the Federal Reserve System.
Researchers found the influx of illegal immigrants boosted employment with little measurable effect on wages but significantly increased housing demand.
[…]
The economists estimate unauthorized immigrant worker flows accounted for about 30% of employment growth, roughly 30% of home-price growth, and about 20% of rent growth in the average metropolitan area between March 2021 and March 2024.