Question: For forward guidance to work: the Fed needs to be perceived as committed to keeping rates low for a while, to really give the economy

For forward guidance to work: the Fed needs to be perceived as committed to keeping rates low for a while, to really give the economy a chance to recover. inflation must be at 2%. the economy must be operating above its potential. the Fed needs to use Fedspeak, in order to entice the people to make their decision in the way they normally would

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