Fed Cautions on Inflation Victory, Price of Money Influenced by Supply and Demand

Fed's Kashkari cautions against declaring victory over inflation and emphasizes the need for more data. The price of money is influenced by supply and demand, with the Federal Reserve playing a significant role. Switzerland is not considering limits on bank deposit withdrawals as part of its financial regulation review. Former Treasury Secretary Summers expresses concerns about the Fed's inflation war and criticizes House Republican policymakers for reducing the budget of the IRS. The October jobs report provides relief to the Federal Reserve as it shows the US economy can slow down without entering a recession.