The Fed's Forward Guidance Is No More | with Nick Timiraos
Forward Guidance
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The Fed's Forward Guidance Is No More
The title of this talk is the Fed's forward guidance is no more. Can you talk about that transition and what it means for the future path of policy? So I think forward guidance was a tool in service of providing more accommodation when you're at the lower bound. When you have the problem the Fed has now, you don't need to guide markets as much. It originates from Ben Bernanke's research.
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