May 13, 2022

Add stablecoin instability to the stack of cryptocurrency troubles

Dan Kitwood/Getty Images

A bank run. Panic selling. These are some of the not-so-enviable descriptions of what’s going on right now in cryptocurrencies. Bitcoin looks set for a record seventh week of losses, and so-called stablecoins have shown weakness. What's going on? Also, we hear the first part of our discussion with Marketplace's Kai Ryssdal about his sit-down interview with Fed chair Jerome Powell.

Segments From this episode

Fed Chair Jerome Powell: "Whether we can execute a soft landing or not, it may actually depend on factors that we don't control."

by Kai Ryssdal and Marketplace Staff

May 12, 2022

"I think the one thing we really cannot do is to fail to restore price stability," Powell told Kai Ryssdal.

Federal Reserve Chair Jerome Powell, left, speaks with Marketplace host Kai Ryssdal in Washington, D.C., on Thursday.

Nancy Farghalli/Marketplace

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The team

David Brancaccio Host

Victoria Craig Host, BBC

Stephen Ryan Senior Producer, BBC

Jonathan Frewin Producer, BBC

Jay Siebold Technical Director

Meredith Garretson Morbey Senior Producer

Alex Schroeder Producer

Erika Soderstrom Producer

Rose Conlon Producer

Redmond Carolipio Digital Producer

Ariana Rosas Producer

Jesson Duller Media Producer

Brian Allison Technical Director

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