Dogecoin is ‘nothing more than a joke’: Ric Edelman

Reuters

Fed officials say important they be ‘well positioned’ to act, minutes show

Federal Reserve officials last month felt that substantial further progress on the economic recovery “was generally seen as not having yet been met,” but agreed they needed to be poised to act if inflation or other risks materialized, according to the minutes of the U.S. central bank’s June policy meeting. In minutes that reflected a divided Fed wrestling with the onset of inflation and financial stability concerns, “various participants” at the June 15-16 meeting felt conditions for reducing the central bank’s asset purchases would be “met somewhat earlier than they had anticipated.” Others saw a less clear signal from incoming data and cautioned that reopening the economy after a pandemic left an unusual level of uncertainty and required a “patient” approach to any policy change, stated the minutes, which were released on Wednesday.