
An Extended Breakdown of the Fed and Banks (Podcast)
Bloomberg Intelligence
00:00
The Importance of Small and Medium-Sized Companies as Employers
The small businesses are the heartbeat of the employment that we have in the country and they're going to have difficulty accessing credit. Right now, about 40% of the US states haven't achieved their pre-pandemic employment levels. The Federal Reserve and by letting them dominate the conversation about the economy, their tools are very blunt. But we have so many other policy makers that can be much more targeted.
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