Technology and increased flexibility can make it possible for people to fill jobs that were previously out of reach because of time or distance. For example, a person in Medicine Hat might not even think about a great position if it means moving to Mississauga or Moncton. But in certain sectors, remote work can make it possible to take that job.
In sharp contrast, today the Fed not only announces the rate but also gives a clear indication of future policy trajectory. Indeed, it is standard practice for central banks these days to indicate the policy rates, the rationale behind the policy action, the expected outcomes, and oftentimes forward guidance on future policy actions. 53.