The Price of Money, Bank Deposits, and Interest Rates: Key Updates

The price of money is influenced by supply and demand, with central banks like the Federal Reserve playing a role. Switzerland is not considering limits on bank deposit withdrawals as part of its financial regulation review. Former Treasury Secretary Lawrence Summers warns that the Fed's inflation war may not be over yet, criticizing the Treasury for not managing its debts well. The October jobs report provides relief to the Fed as it shows the US economy can slow down without entering a recession. Federal Reserve Bank of Minneapolis President Neel Kashkari believes it is too soon to conclude that interest-rate hikes are done.