Moving Cash Is Faster Than Ever. It Makes Bank Runs Hard To Stop. by NPR

Moving Cash Is Faster Than Ever. It Makes Bank Runs Hard To Stop.

from The NPR Politics Podcast

by NPR

Published: Thu Mar 23 2023

Show Notes

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.

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.

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