Switzerland Reviews Financial Regulation, Fed's Interest Rates, and More

Switzerland is not considering limits on bank deposit withdrawals as part of its review of financial regulation. Former Treasury Secretary Lawrence Summers expresses concerns about the Federal Reserve's debt issuance management and criticizes the Treasury for not well managing its debts. Federal Reserve Bank of Minneapolis President Neel Kashkari believes it is too soon to conclude that interest-rate hikes are done. The 2-year Treasury yield rises as investors await key jobs data. The Bank of England is expected to hold interest rates steady, the Federal Reserve suggests the end of its rate-hike cycle, and Japan announces a larger economic stimulus package.