Moving Cash Is Faster Than Ever. It Makes Bank Runs Hard To Stop.
Update: 2023-03-23
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Top monetary officials including Federal Reserve chair Jerome Powell and Treasury Secretary Janet Yellen say things have stabilized in the two weeks since panicked depositors rapidly withdrew their money from Silicon Valley Bank and Signature Bank, causing both to fail. But on top of revisiting recently relaxed banking regulations, policy makers are pondering how to handle the risk of bank runs in the age of smartphone banking.
This episode: White House correspondent Asma Khalid, chief economics correspondent Scott Horsley, and national political correspondent Mara Liasson.
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This episode: White House correspondent Asma Khalid, chief economics correspondent Scott Horsley, and national political correspondent Mara Liasson.
The podcast is produced by Elena Moore and Casey Morell. It is edited by Eric McDaniel. Our executive producer is Muthoni Muturi. Research and fact-checking by Devin Speak.
Unlock access to this and other bonus content by supporting The NPR Politics Podcast+. Sign up via Apple Podcasts or at plus.npr.org.
Giveaway: npr.org/politicsplusgiveaway
Connect:
Email the show at nprpolitics@npr.org
Join the NPR Politics Podcast Facebook Group.
Subscribe to the NPR Politics Newsletter.
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This is some dystopian shit. You can see the soft sell for CBDC being made. How about stop leaving interest rates so artificially low that it creates bad practices for companies and forces them through withdrawals when you even think about raising interest rates by .25%?