America’s small businesses are in trouble, but even if the coronavirus pandemic forces many of them to fail it may not create headwinds for the strong economic recovery anticipated by many economists and Federal Reserve officials.
That is because even as small businesses are a major employer in the U.S., their collective contribution to total output, depending on how things play out, won’t be big enough to set back the nation’s overall economic momentum, Federal Reserve Bank of Chicago leader Charles Evanstold reporters last…