Jerome Powell: “Community banks were essential in the PPP program. They were a…”

On the recordMay 24, 2021

Community banks were essential in the PPP program. They were a critical part of the distribution mechanism.

Said by

Republican · District of Columbia

Source

Community banks played a vital role in distributing PPP funds during the pandemic.

More from Jerome Powell

Jul 1, 2025

I do think that’s right.

Jul 1, 2025

As long as the economy is in solid shape, we think the prudent thing to do is to wait and see what those effects might be.

Jul 23, 2025

I would agree that climate is the biggest risk.

Jul 6, 2025

When you significantly slow the growth of the labor force, you will slow the growth of the economy.

Other voices in this conversation

Jerome Powell: “Community banks were essential in the PPP program. They were a critical part of the distribution mechanism.”