The government’s emergency Paycheck Protection Program saved roughly 30 to 35M jobs by doling out loans to small businesses impacted by the coronavirus, JPMorgan Chase CEO says.
"In particular, the rise in joblessness has been especially severe for lower-wage workers, for women, and for African Americans and Hispanics. This reversal of economic fortune has upended many lives and created great uncertainty about the future."
"A lot of companies are doing great individual things, but they're isolated," Dimon told Stephanie Ruhle in an interview that aired on NBC's"TODAY" show on Tuesday."We're hoping this is a force multiplier, that it's an exponential." The longer the country stays closed for business, the greater the economic impact on the country, Dimon said, adding that he believes the country can ask people to return to work safely.
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