small_businesses

On today's podcast:
(1) Federal Reserve Chair Jerome Powell says renewed US economic strength means borrowing costs must remain higher for longer.

(2) The Bank of England will decide today whether to call a halt to a string of 14 consecutive interest-rate increases.

(3) Zelenskiy sits down for talks with financial heavyweights including Ken Griffin and Bill Ackman.

(4) Tax breaks and low interest rates have made the Swiss financial hub one of Europe's hottest housing markets.

See omnystudio.com/listener for privacy information.

To rescue the American economy in the coronavirus crisis, Congress is on the verge of adopting the most expensive stimulus bill in U.S. history. But how much is the battle over this measure being influenced by the last financial crisis? Guest: Julie Hirschfeld Davis, the congressional editor of The New York Times. For more information on today’s episode, visit nytimes.com/thedaily.

Background reading:

• The bill promises a $1,200 payout to millions of Americans, increased jobless aid and grants to save small businesses from permanent closure. Here’s what it means for you.