A multi-billion-dollar pandemic-era stimulus program meant chiefly to help small businesses keep staff on the payroll and hire back laid off employees was poorly targeted, with only about one-quarter of the money supporting jobs that would.
A multi-billion dollar pandemic-era stimulus program meant chiefly to help small businesses keep staff on the payroll and hire back laid off employees was poorly targeted with only about one-quarter of the money supporting jobs that would otherwise have disappeared, a new Fed report shows.