Loading ...To wrap up the minutes from the July meeting, there were little changes from prior statements. The members indicate broad support for Chairman Bernanke’s timeline, which hinted for tapering as early as September. However, this was seasoned with cautious comments regarding the labor market, “The June employment report showed continued solid gains in payrolls. Nonetheless, the unemployment rate remained elevated, and the continuing low readings on the participation rate and the employment-to-population ratio, together with a high incidence of workers being employed part time for economic reasons, were generally seen as indicating that overall labor market conditions remained weak.” […]