Stories >> Economics
Bill Dudley: Bank Runs Are Terrible. The Fed Can Eliminate Them.
There’s a better way to ensure lenders can always pay their depositors. Almost a year ago, America experienced a frightening financial shock: a run on banks, in which depositors raced to pull money out of institutions that they feared were about to collapse. Such events can and should be a thing of the past, but this will require
Click to Link
Posted: January 10, 2024 Wednesday 06:00 AM