In part, the forward-guidance tool is embodied in the thresholds the FOMC adopted last December.
2  2  See BIS (Bank for International Settlements) (2013), ‘BIS Triennial Central Bank Survey of Foreign Exchange and Derivatives Market Activity in 2013’, available at http://www.bis.org/publ/rpfx13.htm; Rime D and A Schrimpf (2013), ‘The Anatomy of the Global FX Market Through the Lens of the 2013 Triennial Survey’, BIS Quarterly Review, December. Available at http://www.bis.org/publ/qtrpdf/r_qt1312e.htm.