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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

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Posted: January 10, 2024 Wednesday 06:00 AM