The $17 billon dollar fund that supports the pensions of thousands of Alabama state and local government employees and retirees has fared well during the almost eight months of President Donald Trump's second term.

But Retirement Systems of Alabama CEO David Bronner, who has overseen the fund for more than a half-century, said Trump's unpredictable tariff s and the detainment of undocumented migrants who are otherwise law-abiding members of the workforce are causing uncertainty in the economy.

"We don't know what's going to happen in the near future, so businessmen as a whole just don't know what to do," Bronner told the Employees' Retirement System board at its quarterly meeting Tuesday.

"You don't have what we would call in the markets consistency. We don't have stability."

Marc Gree

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