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BoE Governor Bailey says Fed Chair Warsh is "right to see some dangers in forward guidance"
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BoE Governor Bailey agreed with Fed Chair Warsh on the dangers of forward guidance, urging central bankers to avoid unconditional guidance while fulfilling inflation target mandates.
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Central Bankers should avoid giving unconditional guidance. We do exercise choice on how fast to bring inflation back to target, "but must do so".
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