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William Watson: Carney’s 'forward guidance' is mainly 'backward spinning'

Mark Carney's been a political rockstar for a little over a year. It's too soon for the greatest hits album his new video is

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Mark Carney has been a rockstar politician for only a little over a year now so it’s way too soon for a greatest hits album. But that’s what his slickly shot “Forward Guidance” YouTube video mainly is.

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As he explains, “forward guidance” was a technique Carney used as Bank of Canada governor to help stabilize financial markets during and after the 2008 crash. Central banks that had usually kept their strategies close to their chests decided they........

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