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PPP Aid to Small Businesses: How Much Did $500 Billion Help?

$500 Billion in Aid to Small Businesses: How Much Did It Help? Some economists say the Paycheck Protection Program has not proved as useful as other aid. The debate could sway the new administration’s plans. Small businesses line a street in Westwood, N.J. A $900 billion federal relief package included $325 billion in small business aid, most of it for the Paycheck Protection Program.Credit.Mohamed Sadek for The New York Times Published Feb. 1, 2021Updated March 9, 2021 As Democrats and Republicans spent months last fall arguing over how to rescue the economy, one provision drew widespread support from lawmakers: reviving the Paycheck Protection Program, the government’s marquee effort to help small businesses weather the pandemic.

Prospects economic growth united states | Macroeconomics and monetary economics

Prospects economic growth united states | Macroeconomics and monetary economics
cambridge.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cambridge.org Daily Mail and Mail on Sunday newspapers.

Yellen passed the economic stability baton to Powell Now, he s handing it back

Hoover Institution senior fellow in economics John Taylor provides insight into how economic policy, the value of the U.S. dollar, regulations, taxes and U.S.-China relations will look while Janet Yellen is at the Treasury. When Jerome Powell succeeded Janet Yellen as Federal Reserve chief three years ago, he hosted a farewell dinner party for her at his home in Chevy Chase, Md. Back then, Ms. Yellen was passing the baton to Mr. Powell. Three years later, in many ways, he is passing a baton back to her. The Fed spent 2020 combating the economic fallout of the coronavirus pandemic with interest-rate cuts, bond purchases and emergency lending programs. As Fed officials prepare to meet this week, Mr. Powell sees their policies on hold because they have already committed to keeping rates at low levels.

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