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

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.

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 [email protected]
Join the NPR Politics Podcast Facebook Group.
Subscribe to the NPR Politics Newsletter.

To manage podcast ad preferences, review the links below:

See pcm.adswizz.com for information about our collection and use of personal data for sponsorship and to manage your podcast sponsorship preferences.

NPR Privacy Policy