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Nick Timiraos: The Fed Doesn't Want Bank Failures In The News

Forward Guidance

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The Importance of Forward Guidance

In 2006, Greenspan used forward guidance through the cycle to guide expectations. He had Ben Bernanke sort of the foremost policy entrepreneur of this idea that you should tell the market what you're going to do. In March 2023 statement, they basically started to set the table for a pause in the same way as early 06.

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