Last Monday, President of the Federal Reserve Bank of Minneapolis, Neel Kashkari, referred to Dogecoin (DOGE) as a ponzi scheme. Kashkari made his remarks in response to a LinkedIn poll asking how to pronounce Doge. Kashkari joked, “The correct pronunciation is pon-zi.” Kashkari is not a member of the Federal Open Market Committee, which is in charge of determining US monetary policy this year. The Fed's Minneapolis branch will serve as a substitute FOMC in 2022.