IMF Chief Economist Gourinchas: The Fed's move to reduce forward guidance sends a strong signal, but central banks will still have to provide some form of guidance for long-term rates. Markets will always parse what central banks are communicating; central banks will step
IMF Chief Economist Gourinchas: The Fed’s move to reduce forward guidance sends a strong signal, but central banks will still have to provide some form of guidance for long-term rates.
Markets will always parse what central banks are communicating; central banks will step in to correct if needed.| FJ
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