BIS central bankers’ speeches  9  Table 1 Recent forward guidance practices Central Bank Date  Wording  Federal Reserve December 20128  (…) this exceptionally low range for the federal funds rate will be appropriate at least as long as the unemployment rate remains above 6-1/2 percent, inflation between one and two years ahead is projected to be no more than a half percentage point above the Committee’s 2 percent longer-run goal, and longerterm inflation expectations continue to be well anchored.
June 2013  “(…) the Committee currently anticipates that it would be appropriate to moderate the monthly pace of purchases later this year.