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Fed's Waller Says When It Works, Forward Guidance Can Speed The Impact Of Monetary Policy, As In Late 2021; Forward Guidance Can Be A 'Valuable Tool' That Has At Times Strengthened Policymaking And Will Continue To Be Useful; Forward Guidance Can Be A Hindrance If It Is 'Too Strong Or Rigid'; Forward Guidance Also 'Problematic' When Policymakers Confront Different Economic Outcomes All With A Significant Probability Of Occurring
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